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12/1/2020, 6:28 PM (Source: TeleTrader)
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ECB's Lagarde: We are still in midst of crisis

President of the European Central Bank, Christine Lagarde described on Tuesday the current moment in time as "the other side of the [COVID-19] crisis," but went on to warn that the outbreak is not over yet, nor has the negative impact of the pandemic been mitigated.

Talking at an online event organized by the Atlantic Council, Lagarde said that news regarding the coronavirus vaccine developments and the downtrend in daily infections seen across Europe are reasons for optimism, but underlined that the containment measures implemented in order to curb the spread of the virus probably impacted the continent's economy to an extent which we cannot determine just yet.

Breaking the News / BU