4 hours agoEuropean Central Bank President: Coronavirus can cause economic disaster
Periskopi(6 years ago)
(6 years ago)The president of the European Central Bank has warned that the corruption explosion could trigger an economic downturn in Europe similar to the 2008 catastrophe if European governments do not provide financial support for their economies. Christine Lagarde has called on EU leaders during Tuesday night to take action and [...]
Christine Lagarde has called on EU leaders during Tuesday evening to take action and increase spending in order to fight the economic consequences from Coved-19, a source has told Bloomberg, follows Periscope.
The eurozone central bank has repeatedly said that the risk for “skenar that many of us will be reminded of the 2008 Great Financial Crisis. ”
Lagarde said the EC was considering all options ahead of Thursday's meeting, widely expected to cut interest rates and expand relief programmes.
These options include monetary stimulus tools that would provide financial support to “free quality” for banks to make sure that borrowing is accessible throughout the bloc and that cash in cash continues to circulate along the European economy.
However, she had announced that this policy would function only if supported by all EU countries' governments. /Periscope
