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EU needs ambitious financial deal more than fast one, Lagarde says
It is better for European Union leaders to agree an ambitious financial aid package for the bloc rather than to have a quick deal at any cost, European Central Bank President Christine Lagarde said on Sunday. “Ideally, the leaders’ agreement should be ambitious in terms of size and composition of the package, broadly along the lines of what has been proposed by the Commission,” Lagarde told Reuters. “From my perspective, it’s better to agree on an ambitious facility along these lines, even if it takes a bit more time. I would hope that the leaders agree on something that’s ambitious rather than fast.” A ... (full story)