ECB says governments must not let up on Covid-19 fiscal aid
Christine Lagarde says premature withdrawal of fiscal support would risk delaying eurozone recovery
08 April 2021 - 15:12
Frankfurt/Brussels — European Central Bank (ECB) president Christine Lagarde has said governments can’t afford to let up efforts to support the region’s economy through the pandemic-induced crisis.
“An ambitious and co-ordinated fiscal stance remains crucial, as a premature withdrawal of fiscal support would risk delaying the recovery and amplifying the longer-term scarring effects,” she told a meeting of the International Monetary and Financial Committee on Thursday...
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