Interview with Christine Lagarde, President of the ECB, conducted by Dominique Seux, Federico Fubini, Thomas Hanke and Carlos Segovia, published on 18 May 2020. Interview with Les Echos, Corriere della Sera, Handelsblatt and El Mundo. 18/05/2020
Lagarde, Christine ; Seux, Dominique ; Fubinini, Federico ; Hanke, Thomas ; Segovia, Carlos
ECB - Frankfurt am Main
2020
1 p.
epidemic disease ; economic recession ; economic policy ; EU policy ; monetary policy ; EU Treaty
Economic development
https://www.ecb.europa.eu/press/inter/date/2020/html/ecb.in200518_1~e8266ea223.en.html
English
"Emmanuel Macron and Angela Merkel are proposing a European recovery fund worth €500 billion. It will be made up of direct transfers rather than loans. What do you think of that? Do you think this European fiscal effort will be sufficient to prevent the ECB from having to do all the work on its own?
The Franco-German proposals are ambitious, targeted and, of course, welcome. They pave the way for the European Commission to borrow funds over the long term and, above all, they allow a substantial amount of direct support to be provided to the countries most affected by the crisis. This is testament to the spirit of solidarity and responsibility the German Chancellor herself mentioned last week. There can't be greater financial solidarity unless there is also greater coordination of decision-making at the European level...."
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