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After Bailing Out Euro Area, Lagarde Tackles Merkel on Debt

  • ECB president reiterates calls for joint debt issuance
  • Appeal over video confence with EU leaders falls on deaf ears
Christine Lagarde and Angela Merkel
Christine Lagarde and Angela MerkelPhotographer: Stephane de Sakutin/AFP via Getty Images
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Just over a week after Christine Lagarde stepped in to shield European Union governments from a market rout, they rejected her appeal to show more solidarity in the face of the coronavirus pandemic.

The European Central Bank president reiterated her appeal for joint debt issuance on a video conference with EU leaders on Thursday, saying the bloc is facing a crisis of “epic” dimensions because of the viral outbreak, according to officials familiar with the discussion.