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Lagarde: IMFC Statement
The coronavirus (COVID-19) pandemic continues to be a truly global challenge. Countries all around the world are facing severe human and economic consequences. In the euro area, we have taken decisive action to mitigate the impact of the crisis, both at the national and European levels. However, a global challenge of this nature also requires global solutions and strong international cooperation. At the global level, it will be crucial not to withdraw the policy support prematurely, including on both the monetary and fiscal sides, as reducing support too soon would risk delaying the economic rebound. At the same ... (full story)
Added at 10:37am
Added at 10:37am
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**ECB'S LAGARDE SAYS FINANCIAL STABILITY RISKS IN THE EURO AREA REMAIN ELEVATED
— *Walter Bloomberg (@DeItaone) October 15, 2020