- ECB's president Lagarde: Loan and grant in EU's fiscal package mixes good; it could have been better, but it is reasonable
Market news
22 July 2020
ECB's president Lagarde: Loan and grant in EU's fiscal package mixes good; it could have been better, but it is reasonable
- It's an ambitious package
- ECB baseline forecast is in right place
- Economic recovery is "uneven and uncertain"
- Encouraging more bank consolidation in Eurozone; Europe banking is fragmented
- European banks don't have solvency issues
- Price stability can be significantly affected by climate change
Market Focus
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