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Christine Lagarde: “The new restrictions weigh on the recovery”

Curfew at 9 p.m. in some French metropolises, ban on private parties in Italy, partial confinement in the Netherlands: the new measures taken in Europe to try to contain the pandemic will weigh on the economy, worries Christine Lagarde. In office for a year, the President of the European Central Bank (ECB) underlines the importance of the European recovery plan to support economies. But she warns: if it is not disbursed quickly and is not well targeted, member countries “would miss a historic opportunity.”

Faced with the resurgence of the pandemic, many countries are instituting new restrictions. In this context, what are your fears for the European economy?

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