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9/24, 8:49 AM (Source: TeleTrader)
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Lagarde: Europe exposure to Evergrande crisis limited

European Central Bank President Christine Lagarde told CNBC that "in Europe and in the euro area, in particular, direct exposure [to the Evergrande debt crisis] would be limited."

Lagarde confirmed that the situation is being monitored by the ECB as "all financial markets are interconnected," but that, for now, the bank is expecting a "China-centric impact and exposure."

"I can’t speak for the United States [but] I can say for Europe that its direct exposure is limited," the ECB president concluded.

Breaking the News / IB