EU recovery fund must become operational ‘without delay’, says Lagarde

European Central Bank President Christine Lagarde addresses a news conference on the outcome of the meeting of the Governing Council in Frankfurt January 23, 2020. — Reuters pic

FRANKFURT, Nov 19 — European Central Bank chief Christine Lagarde today called for the EU’s planned coronavirus recovery fund to become available “without delay”, after Poland and Hungary blocked the adoption of the plan.

“The package’s additional resources can facilitate expansionary fiscal policies, most notably in those euro area countries with limited fiscal space,” Lagarde said ahead of crunch talks by EU leaders on the row.

The €750 billion (RM3.6 trillion) rescue package “must become operational without delay,” she added. — AFP

Source: Malay Mail