Central Banks

ECB’s Lagarde Says Common EU Financing Is ‘Desirable’

Christine Lagarde on Dec. 4.Photographer: Alain Rolland/European Parliament
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European Central Bank President Christine Lagarde said she favors joint European Union financing for common goods such as security and climate transition.

“The ECB, at least in on my watch, has been supportive of increased fiscal capacity,” she said on Wednesday. “It’s part and parcel of what we believe would be good and better for the euro area.”