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ECB’s Lagarde Warns of 2008-Style Crisis Unless Europe Acts

  • President tells EU leaders ECB looking at all tools, will act
  • Bank of England made emergency rate cut on Wednesday
Bloomberg business news
ECB’s Lagarde Warns of 2008-Like Crisis Without Urgent Virus Action
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European Central Bank President Christine Lagarde said Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, and signaled that her institution will take steps as soon as Thursday.