Home / Market Update / ECB Lagard: EU’s Fiscal Package Could’ve Been Better, But Reasonable

ECB Lagard: EU’s Fiscal Package Could’ve Been Better, But Reasonable

On Tuesday, the EU member states approved a 750 billion euro recovery fund which included 360 billion euros in loans and 390 billion euros in grants. The money will be raised collectively by selling bonds.

European Central Bank (ECB) President Christine Lagarde talks on Wednesday, she said that the fact that all European Union member states supporting the most affected countries shows the solidarity within the bloc.

Lagard said that proportions between 360 billion euros in loans and 390 billion euros in grants could’ve been better, but it’s an ambitious package.

The EUR/USD pair was up 0.52% trading at 1.1585.

Check Also

Could U.S.-Japan Trade Deal Shift Eurozone Bond Yields and ECB Strategy?

The U.S.-Japan trade deal, finalized in July 2025, has reshaped global economic dynamics, impacting Eurozone …