Is the European Central Bank making the same mistake as in March?
On March 12, during a regular meeting of its board of governors, the institution was struggling to rise to the economic challenges posed by the surge of the first wave of the coronavirus.
To make up for it a week later during an emergency videoconference from the kitchen of her apartment in Frankfurt, Christine Lagarde put on the table the 750 billion euro "bazooka" of the emergency purchasing program. pandemic (PEPP).
To read also:
"The puzzle of the ECB facing the crisis in Europe
As Europe begins to be overwhelmed by the second wave, the continent's big financiers recognize the gravity of the situation, but choose to wait.
"We did not discuss changes to our measures today,"
said Christine Lagarde after the board of governors on Thursday.
While recalling the possibility of an emergency meeting by modern telecommunication means if necessary
.
The message however is
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