ECB's president Lagarde: We have shown that we can act quickly and adapt institutions in face of even most severe challenges

Market news

23 July 2020

ECB's president Lagarde: We have shown that we can act quickly and adapt institutions in face of even most severe challenges

Recovery is about transforming the economy to reflect new realities of post-COVID-19 world; government actions will therefore be key in smoothing the transition and promoting change
Reallocation from “sunset” industries towards new sectors and technologies usually takes time
Though NGEU is temporary, the potential to activate such tools in future crises is already powerful change to structure of EU

European stocks closed: FTSE 100 6,211.44 +4.34 +0.07% DAX 13,103.39 -0.86 -0.01% CAC 40 5,033.76 -3.36 -0.07%

U.S. Leading Economic Index increases less than anticipated in June

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