Europe needs a big recovery and emergency plan

Christine Lagarde, President of the ECB, has put the eurozone finance ministers on the wall, urgently calling for “ambitious and coordinated” action. We’ll see this Monday if they are up to the task.

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Analysis

Lhe countries of the European Union will be fairly heavily affected by the covid-19 epidemic, both from a health and socio-economic point of view. On this second front, the reaction of the public authorities will be crucial. The aim will be to limit the direct and indirect impact of containment and lockdown measures as much as possible, but also to put the means on the table to restart the “machine”, probably in the second half.

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