7/22, 3:27 PM (Source: TeleTrader)
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Shared EU recovery fund shows solidarity - ECB's Lagarde

European Central Bank President Christine Lagarde insisted on Wednesday that the fact that all European Union member states agreed to borrow funds and support those most affected demonstrates the level of solidarity within the bloc.

Commenting on the €750 billion recovery fund, Lagarde said that the split of €360 billion in loans and €390 billion in grants "could've been better," but that the current share is equally good.

Lastly, she said that a second coronavirus wave could significantly hamper the EU economy, as it could lead to another mass confinement.

Breaking the News / ND