ECB fears second wave of viruses, all measures against shock

A second wave of coronavirus is one of the major fears of the president of the ECB, Christine Lagarde. "We must take all possible measures to overcome the shock," says Lagarde in a webinar organized by Bloomberg, during which the president of the ECB, speaking of the two "Ws" that worry her, quotes the "second wave", second wave, and the "war", war. 

The ECB and the euro economy "are facing exceptional circumstances, an unprecedented shock that we could not have imagined. In these situations it is necessary to go beyond ordinary instruments with solutions of an exceptional nature, designed with the right degree of deviation and room for maneuver ". And Lagarde added: "we are doing it and we will continue to do it", even in the face of the findings of the German constitutional judges.

The ECB "will continue to do whatever it takes to pursue its mandate", and even after the judgment of the German constitutional judges "we continue undisturbed". ECB president Christine Lagarde said this during an online event hosted by Bloomberg. "We are a European institution with competence for the euro area and under the jurisdiction of the European Court of Justice".

The International Monetary Fund "must necessarily pay attention" to the issue of 'debt forgiveness' , that is , the cancellation, even partial, of debts after the economic shock of the coronavirus. The director of the IMF Christalina Georgieva said it during an event hosted by Bloomberg. "The public debt will rise by thirty percentage points to 96% of world GDP due to the right response on a large scale through budget measures".