‘Financial support’ warning from Lagarde | Economic News

ECB President Lagarde said that Eurozone countries should continue their financial spending this year and in 2022 to avoid permanent damage caused by the coronavirus outbreak.

Christine Lagarde, President of the European Central Bank (ECB), answered the questions of The Economist online. Lagarde noted that it is too early to talk about reducing financial support in the Eurozone amid the health and economic crisis caused by Covid-19.

“Financial support needs to continue at least until the end of the year,” Lagarde said. used the expression.

Stating that Eurozone countries should continue their financial spending in 2022, Lagarde called on EU leaders to initiate a 750 billion Euro rescue package.

Lagarde emphasized that the incentive monetary policy should be maintained in the current environment and pointed out that the size of the ECB’s 1.85 trillion Euro Pandemic Emergency Asset Purchase Program (PEPP) can increase if necessary.


Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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