European Central Bank (ECB) President Christine Lagarde, on Thursday 18 March, expressed concern that the EU’s €750 billion Next Generation EU Recovery Plan and the US’s $1.9 trillion plan would not have the same effect at the same time.
“Will that lead to a divergent and not synchronised recovery? Most likely“, Ms Lagarde said at a monetary dialogue with the European Parliament’s Committee on Economic and Monetary Affairs. The US stimulus package, recently approved by the...