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: ReutersA 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
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
David Brown
Opinion

Opinion

Macroscope by David Brown

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

David Brown
David Brown

Updated: 11:17pm, 16 Mar, 2020

Why you can trust SCMP
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: ReutersA 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
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
READ FULL ARTICLE