ECB praises eurozone’s economic response to Covid-19

european-central-bank

Combined fiscal and monetary stimulus prevented the financial fragmentation that the eurozone suffered during the sovereign debt crisis 2011–12, the European Central Bank said.

The ECB said its measures and the European Union’s fiscal recovery fund were “the most influential policy interventions that initially kept fragmentation contained”. In its latest financial integration report, the ECB also said the EU’s equity markets need to be further developed to finance the bloc’s aim of green and

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