Lagarde and Weidmann clash over EU recovery fund

Christine Lagarde unveils new lending facility
Christine Lagarde

Leading figures on the European Central Bank’s governing council have opposing views on the future of the European Union’s Next Generation EU fund.

On October 19, while ECB president Christine Lagarde called for discussions to make it a permanent common fiscal instrument, Deutsche Bundesbank president Jens Weidmann argued it should remain a one-off response to the crisis.

Lagarde also stressed “this recovery plan tool is a response to an extraordinary situation”, in an interview with the

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