Lagarde misstep overshadows ‘bold’ measures, analysts say
ECB president seemed to have hampered governments’ debt financing at a critical juncture
European Central Bank president Christine Lagarde’s comments on March 12 undermined what was otherwise a solid set of measures to mitigate the Covid-19 crisis, analysts tell Central Banking.
On March 12, the ECB unveiled a set of measures to stimulate the eurozone economy, suffering from the joint supply/demand shock unleashed by the Covid-19 crisis.
Italy is going through a nationwide quarantine and cases are rapidly spreading through the eurozone’s other largest economies: France, Germany
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