Recovery fund.
Dombrovskis: We want measures that lead to a transformation
Recovery.
Final ok of the European Parliament to regulation on Governance
EU, Lagarde blocks Draghi's program: "I have faith in him, he will relaunch growth"
ECB: "With contagions you risk a longer crisis"
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February 10, 2021 "We need fiscal support for the economy at least until the end of 2021 and probably even after, it will depend on vaccines and Covid variants".
This was stated by the president of the ECB, Christine Lagarde, during a webinar organized by 'The Economist' on the consequences of the pandemic crisis and how to return to growth.
Recovery, ahead with the plan, ratify soon
"It is in everyone's interest to move quickly" to allow the full implementation of the EU funds put in place to combat the effects of the pandemic: "to individual members, therefore, I say, complete the plans, do not slow down this process because the pandemic is accelerating".
This was stated by ECB President Christine Lagarde in an online meeting organized by 'The Economist', noting that "there was an initial response from the fiscal point of view in Europe that was weaker than in the US: at the beginning we had some hesitation but I believe that in the end we were 'fast and furios' ".
Recalling the "double level, national and continental" Lagarde admitted that in the first case "the differences between the various countries are striking: those with greater fiscal space have spent more, such as Germany, but Italy has also spent a lot because it is been hit first and hard. "
At the moment inflation does not worry us
"At this stage we are not worried about inflation, we are quite far" from the objective set in the mandate of the ECB also because "we still have weak demand".
This was stated by ECB President Christine Lagarde in an online meeting organized by 'The Economist', in response to fears of a resumption of inflation in the light of the Eurotower interventions.
"At the moment we have used about 800 billion" of the stimulus package already defined - he added - recalling how the one in progress "is a flexible instrument, if needed we still have a lot" of stimulus to be put in place.
Pepp flexible, if needed it can be increased
The Pepp, the ECB's Pandemic Purchasing Program, "is flexible: if we need everything we will use everything, if we need more we will increase it, if we don't need everything we won't use everything", said the president of the European Central Bank, Christine Lagarde,
Whatever it taker for price stability
The ECB is ready to do "'whatever it takes' for price stability".
This was stated - with a reference to the famous speech by MArio Draghi - the president of the ECB Christine Lagarde.
adding that "obviously we must also think about the monetary transmission" of the measures decided.
"We have to make sure we use the right tools and think about monetary stability", he explains, recalling how with his decisions "the ECB had a huge impact on the" real economy, "supporting it in the creation of 1 million jobs" after the crisis. global financial and sovereign debt.
Bitcoin is not a currency, central banks will not buy it
"Bitcoin is not a currency, it lacks some of the key attributes" to be considered as such, such as "stability".
The response of ECB President Christine Lagarde in an online meeting organized by 'The Economist' is clear, specifying that Bitcoin "is a cryptoasset, created by anonymous libertarians that has also been used in a 'bizarre' way".
Asked if central banks can evaluate the inclusion of Bitcoin among their assets, Lagarde explained how it is "very unlikely: indeed, it is out of the question".
Climate change and monetary policy issue
"We must consider the issue of climate change in our monetary policy".
This was stated by the President of the ECB, Christine Lagarde, during the unwebinar of 'The Economist' on the consequences of Covid and how to return to growth.
"Maybe I won't be able" to make it a theme but "I want to try, it's an ambitious goal", underlined Lagarde.