ECB’s Lagarde shifts burden to governments to aid recovery

© Reuters. Informal Meeting of Ministers for Economics and Financial Affairs in Berlin FRANKFURT (Reuters) – Euro zone governments must keep spending heavily to aid the bloc’s recovery from its historic pandemic-induced recession, complementing already super-easy monetary policy, European Central Bank President Christine Lagarde said on Sunday. With debt levels blowing past 100% of GDP […]

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ECB’s Lagarde: EU Economy has Probably Bottomed out 

EU probably went through the hardest phase of economic downturn caused by the pandemic, said European Central Bank head Christine Lagarde on Friday, while urging authorities to prepare for a possible second wave. “We’ve probably bottomed out, and I’m talking about this with some concern, because, of course, a serious second wave can begin,” Lagarde […]

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ECB’s Lagarde: The Worst for the EU Labor Market is yet to come

The head of European Central Bank, Christine Lagarde, said to EU leaders on Friday that the eurozone economy is experiencing a tremendous decline and urged the bloc to act decisively to speed recovery. EU leaders held a video conference on Friday to discuss ways of propelling consumption and investment in the economy. According to Lagarde, […]

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ECB’s Lagarde urges quick EU recovery plan as economy in ‘dramatic fall’

2/2 © Reuters. European Central Bank (ECB) President Christine Lagarde addresses a news conference on the outcome of the meeting of the Governing Council, in Frankfurt 2/2 BRUSSELS (Reuters) – European Central Bank head Christine Lagarde urged European Union leaders on Friday to quickly agree on a recovery package that would pull the economy from […]

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The market isn’t too impressed with the ECB statement, over to Lagarde now

European stocks fall on the latest ECB decision Banking stocks are down, as periphery bonds sell off on the lack of further stimulus action by the ECB in their latest decision today. Italian 10-year bond yields have jumped to 1.83% currently as we see European indices slide to over 1% losses.See here for global coronavirus […]

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ECB’s Lagarde says large-scale debt cancellation ‘unthinkable’

© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures during a news conference on the outcome of the meeting of the Governing Council, in Frankfurt PARIS (Reuters) – European Central Bank President Christine Lagarde dismissed on Thursday the possibility of a generalised cancellation of debts contracted during the coronavirus crisis. “That seems […]

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IMF's Lagarde says sees no risk of currency war: paper

© Reuters. FILE PHOTO: Lagarde, Managing Director of the IMF, holds a speech during the “Europe Lecture” of the DIW in Berlin MILAN (Reuters) – International Monetary Fund Managing Director Christine Lagarde said the positions of U.S. President Donald Trump’s administration were unlikely to trigger a currency war, an Italian newspaper reported on Tuesday. “We […]

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