9/16, 3:08 PM (Source: TeleTrader)
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Financing conditions must remain favorable - Lagarde

European Central Bank (ECB) President Christine Lagarde said on Thursday that sustainable economic recovery will require maintaining favorable financing conditions. She stated that companies are now "coming for loans to finance capital expenditure, to finance investment again as opposed to building up buffers of liquidities that they were short of."

On the fiscal front, Lagarde said support is still needed. However, she pointed out the importance of choosing the right direction and the way support is implemented. "Now it's more a question of being targeted, on being focused, on identifying what is going to increase the productivity of all economic agents and our economies."

Breaking the News / DJ