French Central Bank Governor Francois Villeroy de Galhau stated that France urgently needs to address the deficit and debt challenges, as the bonds market is issuing increasingly more risk warnings. "In recent days, international banks lending to France have also told us that action must be taken now," Villeroy said on Wednesday. "Before June, our spread with Germany was around 0.5 percentage points, now it's close to 0.8 percentage points, we must deal with this pathology." The French government is facing pressure to quickly resolve the country's financial difficulties and must submit the 2025 budget bill to parliament in the coming weeks. Prime Minister Castex said on Sunday that he will make large French companies and the wealthiest individuals pay more taxes to address the enormous budget deficit — Villeroy supports this approach.