ECB: Lagarde, Europe is back, the road has been drawn

"The Recovery Fund proves that Europe is back"

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The president of the ECB, Christine Lagarde, said at the opening of the Summit: 'Pioneers of Change' of the World Economic Forum, underlining that "Europe is moving together" and "the road has been traced" but "there is there is still a lot of work to be done. "

"We must ensure that the changes in the crisis do not become scars", said 

Christine Lagarde, stressing that finally "there is a vaccine on the horizon that will be distributed in 2021" so "we hope it will be a crisis that will not last. "and we are seeing the other side of the river" he added, but explaining that "the service sector will be harder hit than the industrial sector".

"We were on a bank of a river characterized by uncertainty and great difficulties from a health and economic point of view, we could not even see the other side, but thanks to the great work done by some companies in Germany, the USA and other parts of the world now we can see the other side of the river because we know that the vaccine is on the horizon, "Lagarde explained.

"It is useless to try to defeat the pandemic alone at home or to try to tackle climate change alone, these issues are global and must be addressed at a multilateral level," he said hoping that "multilateralism will return differently" to first "to address these issues".