ECB’s Lagarde warns of 2008-style crisis unless Europe acts. #Bloomberg
![]() 1407 Wednesday, 11 March, 2020, 16:10 We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know. European Central Bank President Christine Lagarde said Europe risks a major economic shock echoing the global financial crisis unless leaders act urgently on the coronavirus outbreak, and signaled that her institution will take steps as soon as Thursday. Lagarde told European Union leaders on a conference call late on Tuesday that without coordinated action Europe “will see a scenario that will remind many of us of the 2008 Great Financial Crisis,” according to a person familiar with her comments. With the right response, the shock will likely prove temporary, she added. Lagarde said her officials are looking at all their tools for Thursday’s policy decision, particularly measures to provide “super-cheap” funding and ensure liquidity and credit don’t dry up, said the person, who declined to be identified because the call was private. |
Brazil vows to match US tariffs after Trump threatens 50% levy
261Yesterday, 19:04Slovakia maintains veto on new package of EU sanctions against Russia
51909.07.2025, 20:46President Trump announces new tariffs on Kazakhstan, citing trade imbalance
92407.07.2025, 22:58"Flight cancellations cost airlines more than $250 million". #Kommersant
83907.07.2025, 15:35"Trump's BRICS Policy Has No Future" - Chinese Foreign Ministry
86107.07.2025, 12:59"A 10% additional tariff will be imposed on countries that support BRICS" - Trump
74507.07.2025, 11:10House sends GOP’s ‘big, beautiful bill’ to Trump’s desk in major win for Republicans
114704.07.2025, 00:16Canada transfers US$1.7bn in revenues from frozen Russian assets to Ukraine
136430.06.2025, 21:40