Wealthy EU nations should spend more to help central banks protect the economy, the likely next head of the European Central Bank (ECB) has said.
"I'm not a fairy", Christine Lagarde said on the limitations of what the ECB can do in Brussels on Wednesday (4 September).
"Central banks are not the only game in town," she also told MEPs on the economic affairs committee.
A "majority of countries in the euro area" had "the the capacity to use the fiscal space available to the...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.