10/29, 3:33 PM (Source: TeleTrader)
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ECB has tools to deal with fragmented recovery - Lagarde

President of the European Central Bank, Christine Lagarde, reassured on Thursday that the bank has tools to address possible fragmented recovery within the Eurozone.

Lagarde explained that the ECB's monetary policy is designed to deal with these issues if they appear. Economies in the euro area entered the crisis from different strength levels, therefore fragmentation may occur at some point, she concluded.

Breaking the News / ND