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Bulk of euro crisis is over: French central banker

Banque de France Gov. Christian Noyer says the bulk of the European financial crisis is over, though he added that the European Central Bank stands "ready to act" if the euro appreciates.

Over the weekend, ECB President Mario Draghi said he would ease monetary policy further if the euro remains strong and puts pressure on exports. During an interview with CNBC on Monday, Noyer said the ECB could also buy sovereign debt in addition to securities in a potential easing program.

"There are still things to finish and repair but we see the economy returning to growth," Noyer said on CNBC's "Squawk on the Street." "It's still uneven, but less and less so. And we have real confidence that we can return to a good path of growth and price stability."

Read More Draghi comments fail to convince euro bulls

Noyer said European central bankers will evaluate monthly data before deciding to act. As the euro appreciates, it creates the need to introduce more accommodative monetary policy, he added.

The euro failed to rise after Draghi's comments and weakened against the dollar, yen and sterling in Monday's trading. Draghi said on Saturday that "a further strengthening of the exchange rate would require further stimulus."

—By CNBC's Jeff Morganteen. Reuters contributed to this report.

Contact Europe: Economy

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