European Central Bank urges Germany to increase public spending

European Central Bank President Christine Lagarde says the best public spending orientation would help support growth in the Eurozone.

In her first official speech Friday in Frankfurt, Mrs. Lagarde indirectly criticised countries like Germany that have proved to be spared their public budgets, but made it clear that excessive spending would also be dangerous.

Mrs. Lagarde said that “has strong arguments to invest in a more productive, more digital and certainly greener” common future, and warned that public spending in the Eurozone “is somehow below pre-crisis levels”.