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ECB’s Lagarde Renews Fiscal Plea Amid EU Rift on Crisis

  • Central bank president says governments must show ‘solidarity’
  • A European reconstruction fund would be a great idea
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ECB Calls for Strong Virus Response
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European Central Bank President Christine Lagarde renewed her plea for a strong fiscal response to the economic impact of the coronavirus, urging governments to get over their differences as they prepare for a second round of talks on Thursday.

Her comments, in an op-ed published in newspapers across Europe, came less than a day after European finance ministers failed to agree on a 500 billion-euro ($543 billion) package to mitigate the consequences of the pandemic. Italy, which may need support, saw its bonds fall for a second day on Wednesday.