Lagarde and Weidmann clash over EU recovery fund

ECB president wants it to become a permanent fiscal tool, Bundesbank president thinks it should remain a one-off

Christine Lagarde unveils new lending facility
Christine Lagarde

Leading figures on the European Central Bank’s governing council have opposing views on the future of the European Union’s Next Generation EU fund.

On October 19, while ECB president Christine Lagarde called for discussions to make it a permanent common fiscal instrument, Deutsche Bundesbank president Jens Weidmann argued it should remain a one-off response to the crisis.

Lagarde also stressed “this recovery plan tool is a response to an extraordinary situation”, in an interview with the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.