Lagarde urges 'ambitious, coordinated' fiscal stance

Thursday, 12. March 2020 14:55

Speaking to media on Thursday, European Central Bank President Christine Lagarde called for a "ambitious and coordinated fiscal stance" to address the challenges the European economy is facing and welcomed measures already taken by governments across the continent to contain the impact of the coronavirus outbreak.

Commenting on the central bank's measures, Lagarde told the media that the decision on "various elements of the package" was unanimous while describing the additional $120 billion net asset purchase program as the "most efficient" to address current "sensitivity" in the economy.

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Breaking the News / GG