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1/21, 2:56 PM (Source: TeleTrader)
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Lockdowns, spread of new strains 'worrying' - Lagarde

European Central Bank (ECB) President Christine Lagarde asserted on Thursday that the pace at which the new coronavirus strains have spread across Europe is "worrying."

She added that the lockdowns which some countries introduced are also likely to hinder the economic recovery from the crisis.

"Clearly the pandemic has worsened, the lockdowns have been tightened and, for some of [the member states] extended," Lagarde noted and predicted that the new COVID-19 variants, found in South Africa and Brazil, could force the European countries to reach for "more stringent measures going forward."

Breaking the News / BU