Conversation with Le Monde

In an interview with Christine Lagarde, President of the European Central Bank (ECB), conducted by Marie Charrel and Eric Albert, Lagarde expresses her concerns for the European economy amidst the worsening pandemic and the introduction of new restrictions. She highlights that the recovery has been uncertain and incomplete, and there is a risk of losing momentum. Lagarde states that the ECB will closely monitor indicators throughout the autumn and revise projections in December if the situation deteriorates. She emphasizes the long-term scars that the crisis may leave, particularly in terms of job losses, and stresses the importance of not withdrawing fiscal safety nets too soon.

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