Act now to prevent global economic crisis, Christine Lagarde urges Europe
ECB president expected to announce measures to mitigate the coronavirus effects
11 March 2020 - 16:44
London — Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, says European Central Bank (ECB) president Christine Lagarde.
Signalling that her institution will take steps as soon as Thursday, Lagarde told EU leaders in a conference call late on Tuesday that without co-ordinated action Europe “will see a scenario that will remind many of us of the 2008 great financial crisis”, according to a person familiar with her comments...
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