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...
Back our independent journalism by becoming a supporting member
Already a member? Login hereAndrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.
Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.