Economics
ECB’s Lagarde Says Governments Must Get Fiscal Stimulus Done
- President speaks to lawmakers in the European Parliament
- EU recovery fund is still months away from disbursements
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European Central Bank President Christine Lagarde said governments must make sure to roll out their joint spending plan on time to ensure the region’s recovery from the coronavirus pandemic.
The 750 billion-euro ($896 billion) recovery fund “should become operational without delay,” Lagarde told lawmakers in the European Parliament. “By brightening economic prospects for firms and households, fiscal policy would also strengthen the transmission of our monetary policy measures.”