Economics
ECB Heads for More Stimulus Even as Courts Spar Over Limits
- Lagarde says ECB “undeterred” in supporting euro-area economy
- German court ruling against QE could drive EU to sue Germany
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In the middle of a spat between Europe’s top courts over the limits of European Central Bank monetary stimulus, President Christine Lagarde is probably preparing to do even more.
A lawyer herself, Lagarde says her institution is “undeterred” by a legal tussle over its 2.7 trillion-euro ($2.9 trillion) asset-purchase program, and will do what’s needed to carry the euro zone through the coronavirus crisis.