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The franco-German propositions are ambitious, targeted, and welcome, according to Christine Lagarde

The president of the european central Bank, Christine Lagarde, welcomed the project of recovery of 500 billion euros proposed by the French leaders and German to help the European Union recover from the crisis history generated by the Covid-19.

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"The franco-German propositions are ambitious, targeted, and welcome", she estimated in an interview with four european newspapers, including the French Les Echos. These measures, proposed on Monday, will focus on the creation of a fund of temporary stimulus-fuelled by loans from the european Commission on the markets on behalf of the 27 member States of the european Union.

"Modernize" the Pact of stability and growth

The crisis triggered by the Covid-19 "is a good opportunity to modernize" the Pact of stability and growth that is currently suspended, has also felt the number one of the ECB. "I believe that the terms of the Pact of stability and growth will need to be reviewed and simplified before considering the rebuild, when we'll be out of this crisis," she said, calling for a "review" of the "innovative proposals" that have been made "in the past", notably by the international monetary Fund (IMF) that she led from 2011 to 2019.

The editorial team conseilleLa France may have recourse to the european stimulus plan to "renovate" the hôpital3 commentairesEsmeralda 1the 19/05/2020 at 08:01 pm

Except that some of the northern countries have already said no.

Oskar Lafontainele 18/05/2020 22:57

This is the part of Christine Lagarde, a comment that diplomatic and agreed. It was going on as not even to criticize it from the outset ! We'll talk in a few weeks and the 500 billion euros, will likely "fade".

albaret48le 18/05/2020 22:23

This is the big scene once again.

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