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ECB's Lagarde says euro zone in better shape facing new COVID wave, Omicron variant

EconomyNov 28, 2021 04:05PM ET

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ECB's Lagarde says euro zone in better shape facing new COVID wave, Omicron variant

© Reuters. FILE PHOTO: European Central Bank President Christine Lagarde in Brussels, Belgium February 6, 2020. REUTERS/Francois Lenoir

MILAN (Reuters) - The euro zone is better equipped to face the economic impact of a new wave of COVID-19 infections or the Omicron variant, European Central Bank President Christine Lagarde said.

Several European countries have introduced restrictive measures due to a new increase in COVID-19 infections. The new coronavirus variant Omicron was detected in South Africa on Friday and has spread rapidly across Europe.

"There is an obvious concern about the economic recovery [of the euro zone] in 2022, but I believe we have learnt a lot. We now know our enemy and what measures to take. We are all better equipped to respond to a risk of a fifth wave or the Omicron variant", Lagarde told Italian broadcaster RAI on Sunday.

"The crisis taught us this virus knows no boundaries. Therefore we will not be protected until we are all vaccinated", Lagarde was quoted as saying in a simultaneous Italian translation from French.

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Comments (4)

Jack Peterson Nov 28, 2021 6:02PM ET

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She is still alive???? Lol

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Gus McCrae Nov 28, 2021 4:47PM ET

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they are starting to downplay the new variant. It was just a excuse to deflate the market they have been inflating out of control. you will see more of this "calming" messages next week and week after is all forgotten

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Trad y Ab Nov 28, 2021 4:20PM ET

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If like that lets go holiday in Europe without wearing the mask and practice the close distancing.

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Matt Brackley Nov 28, 2021 4:05PM ET

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sell fiat...buy reality

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