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Don't let the corona-crisis go to waste, ECB tells Italy

EconomyJun 13, 2020 09:10AM ET
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© Reuters. FILE PHOTO: European Central Bank President Lagarde addresses the European Parliament in Strasbourg

FRANKFURT (Reuters) - Italy must not let the economic crisis wrought by the coronavirus pandemic "go to waste" and should instead reform its stagnant economy so that it thrives after the outbreak, European Central Bank President Christine Lagarde said on Saturday.

"I therefore encourage you, as policymakers, not to let this crisis go to waste," Lagarde told Italian policymakers via video-link during a consultation launched by the government.

"My institution, the ECB, will play its part within its mandate. But it is for you to prove to citizens that our societies will emerge from this transformation stronger and greener," she added.

Don't let the corona-crisis go to waste, ECB tells Italy
 

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Comments (2)
Kilo Byte
Kilo Byte Jun 13, 2020 1:26PM ET
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Never let a good crisis go to waste.
Kevin Han
Kevin Han Jun 13, 2020 12:57PM ET
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Haha Haha how naive she is... old habits doesn't change. they had a chance to change it but she took it giving trillions free money.
 
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