Fixing France’s debt path is ‘absolutely compulsory’: Trichet

I think that it is something which is to be corrected clearly. I would not say that there is any particular tipping point. One of the goes of the crisis I had to cope with myself with five countries which were badly in need of help was that most of them had a big current account deficits and so they were asking the rest of the world to finance their own economy. It is not the case today. The French for instance if I take the case of French the French balance of payment is more or less balanced you see. So we are in a different universe but being in a different universe it is absolutely >> compulsory that we correct the trajectory of the public debt.