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ECB president Christine Lagarde did not have a 'whatever it takes' moment (Photo: Council of the EU)

Markets plunge after ECB and EU fail to convince

European markets saw a record plunges on Thursday (12 March) after the European Central Bank's policy actions to counter the economic impact of the coronavirus disappointed investors.

The EU's economy has also been hit by an unexpected travel ban to the US by president Donald Trump on Wednesday, which means an entry ban for foreigners who had been in the EU's Schengen area in the last two weeks.

EU countries were introducing increasingly restrictive and tough measures to slow do...

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

ECB president Christine Lagarde did not have a 'whatever it takes' moment (Photo: Council of the EU)

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Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

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