A television broadcast showing Christine Lagarde, president of the European Central Bank, is pictured during a trading session at Frankfurt’s stock exchange on March 12. Photo: Reuters
Opinion
Opinion
Macroscope
As the coronavirus takes its toll, here’s what the European Central Bank must do to save the euro zone economy
- The ECB missed an opportunity to walk in step with the US and Britain and cut interest rates last week
- In addition to pumping liquidity into the market, the bank must shore up high-risk bond markets and ban speculative short-selling
A television broadcast showing Christine Lagarde, president of the European Central Bank, is pictured during a trading session at Frankfurt’s stock exchange on March 12. Photo: Reuters