Michel, Lagarde, and Georgieva discuss economic recovery

I would like to thank you warmly for inviting me to speak to you today. It is a privilege to have an opportunity to talk to the citizens’ representatives at the heart of European democracy. Events like this one allow us to consider national debates in discussions about our common challenges as Europeans. For all of us, the past year of the pandemic has been an extraordinary challenge. And, at all levels, the public policy response has been truly impressive. National responses have spearheaded the policy effort, with fiscal measures amounting to, on average, 4.5% of euro area GDP. Yet the response to this crisis stands out from previous one tweet at 9:34am: *LAGARDE: ECB CLOSELY MONITORING LONGER-TERM NOMINAL BOND YIELDS tweet at 9:36am: ECB President Lagarde: - ECB is closely monitoring longer-term nominal bond yields - Still highly uncertain how pandemic will unfold - ECB will continue to support all sectors of the economy by preserving favorable financing conditions #ECB $EUR tweet at 9:41am: MORE ECB'S LAGARDE: PEPP ENVELOPE OF €1.85 TN GIVES "CONSIDERABLE FIREPOWER." LAGARDE MAKES NO MENTION THAT PEPP ENVELOPE MAY NOT BE EXHAUSTED. #ecb #eurozoneeconomy #christinelagarde tweet at 9:46am: Euro bond yields fall after ECB's Lagarde says ECB is closely monitoring evolution of long-term nominal bond yields Could the ECB Pres Lagarde be warning about the possibility of ECB Yield Curve Control https://t.co/aA4P5sAgBF