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11/17/2020, 12:21 PM (Source: TeleTrader)
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ECB's Visco: Premature stimulus removal may hurt recovery

European Central Bank Governing Council member Ignazio Visco (pictured) warned on Tuesday that eliminating stimulus early would potentially hamper the economic recovery.

"We should make most of the lessons from the pandemic," the official added, noting that Europe needs to "contrast the risk of over-indebtedness."

ECB President Christine Lagarde stated yesterday that a policy "bridge" is needed for the world to successfully overcome the coronavirus crisis.

Breaking the News / MD