Economics
Lagarde Says Allocation of EU Stimulus ‘Could Have Been Better’
- ECB President says rescue package is ambitious nonetheless
- Comments follow EU agreement on 750 billion-euro recovery fund
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The mix of grants and loans in Europe’s rescue package could have been better, according to European Central Bank President Christine Lagarde.
The 750 billion-euro ($868 billion) stimulus deal struck by European Union governments this week “is clearly a demonstration of solidarity, of transfer to those that need it most,” she said in a Washington Post Live event on Wednesday.