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Mélenchon Proposes €600B Banque de France Debt Conversion

By Drooid · Oct 15, 2026, 6:29 AM UTC · How we work

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Jean-Luc Mélenchon proposes converting €600 billion of Banque de France bonds into perpetual bonds.
Thierry Breton, EU Commissioner, says the Banque de France cannot erase bonds without European Central Bank Council approval.
Mélenchon says the conversion would retire debt and free fiscal space for jobs, education and housing.
Supporters argue zero-percent perpetual bonds add no new debt, keep money supply unchanged and avoid inflation.

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Story summary

Jean-Luc Mélenchon proposes converting €600 billion of Banque de France bonds into perpetual bonds.
Thierry Breton, EU Commissioner, says the Banque de France cannot erase bonds without European Central Bank Council approval.
Mélenchon says the conversion would retire debt and free fiscal space for jobs, education and housing.
Supporters argue zero-percent perpetual bonds add no new debt, keep money supply unchanged and avoid inflation.