Europe must not delay cash to crisis-hit economies, Lagarde tells Le Monde

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Europe must distribute its 750 billion euro recovery fund for the pandemic-hit economy promptly and should debate creating a permanent fiscal tool for the bloc, European Central Bank President Christine Lagarde told a French newspaper.

European leaders have been at odds over the details of a multi-year grant and loan scheme called Next Generation EU, raising the risk that cash would not start reaching the hardest hit nations on time.

Lagarde added that funds must be targeted, otherwise they get lost in the “administrative labyrinth,” failing to support the real economy’s transformation in the post-pandemic world.

Source: Financial Digest (financialdigest.net)

 

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She is a freak. She shouldn't be in power.

She knows that if she is not able to convince all nations to do more Q.E. the whole ship will sink.

follow the money ..

She should run the money machines to print more cash ..

Hmm..

One thing Europe really excels in is delaying decision & action. It is called the culture of compromise, if you want to give it a positive spin

one might dare ask Lagarde when these economies were ever not considered crisis-hit, and at which point the cash helped them become 'non crisis-hit'

Fetal alcohol syndrome? Thin upper lip. Smooth philtrum. Jewish?

0k so far. so....renounce you money wealth and embrace the wealth of humbleness by giving it to the needy and poor? :D

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