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The eurozone economy is at a tipping point




Christine Lagarde, in an interview with Politico, said that the European economy is currently at a turning point. The central bank will only begin to discuss curtailing the emergency assistance program after it is convinced of the sustainable nature of the economic recovery process.

Currently, the eurozone has an asset purchase program in the amount of 1 trillion 850 billion euros. This program will expire on March 31 next year.

At the same time, Christine Lagarde admits that it can be extended. Everything will depend on the situation in the economy and the effectiveness of the fight against the pandemic.

However, the results of a Reuters poll showed that most analysts have a different opinion. They believe that the Central Bank will not extend the duration of the bond purchase program. Moreover, he will start discussing the reduction of its volume at the September meeting. And such a decision can be made.

Today, statistics on the dynamics of European industrial production were released. In April, it increased by 0.8% compared to March.


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TAGS: EUROPE, EUROPE NEWS, ECONOMY, CORONAVIRUS

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