Paris — Incoming European Central Bank (ECB) chief Christine Lagarde on Wednesday took aim at Germany and the Netherlands which are running a budgetary surpluses, saying they should increase their spending to shore up slowing growth.
Lagarde told France’s RTL radio that whereas eurozone members had successfully coordinated their fiscal policies to save the bloc during the 2008/2009 sovereign debt crisis, “since then the countries which have budgetary space have not really made the necessary efforts”...
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