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Lagarde warns of ‘cliff edge’ in public spending to save economy

ECB president urges governments to speed up Next Generation EU recovery fund

Governments must “beware of the cliff edge” and keep up spending to support their economies, Christine Lagarde said in another warning that the European Central Bank can’t…

  • John Rega
  • Politico

The ECB president called on EU countries not to cut off aid to businesses and workers, in an online interview with the Economist on Wednesday.

Lagarde also urged national leaders, “don’t slow down the process” for the bloc’s €672.5 billion recovery fund, which needs governments to ratify an…

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