{"id":31506,"date":"2020-07-16T20:20:54","date_gmt":"2020-07-16T16:20:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31506"},"modified":"2020-07-16T20:20:57","modified_gmt":"2020-07-16T16:20:57","slug":"lagarde-eu-recovery-fund-to-favor-loans","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/lagarde-eu-recovery-fund-to-favor-loans\/07\/16\/market-updates\/","title":{"rendered":"Lagarde: EU Recovery Fund to Favor Loans"},"content":{"rendered":"\n<p>The European Central Bank (ECB) is expecting the European Union (EU) to prefer grants over loans as a funding mechanism for its anticipated economic stimulus fund against the impacts of COVID-19, said ECB President Christine Lagarde, Reuters reported.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cOur assumption is that the recovery fund will come about and will be a strong mixture of grants on one hand in a larger proportion than loans on the other.\u201d<\/p><p>\u201cCertainly, there are very strong expectations, which have to do with addressing the damage to those countries and sectors which have been massively hurt.\u201d<\/p><p>\u201cUnless there are significant upside surprises, our baseline is that we will need the entire envelope of the [Pandemic Emergency Purchase Program] PEPP.\u201d<\/p><p>\u201cIt is important for European leaders to quickly agree on an ambitious package.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The European Central Bank (ECB) is expecting the European Union (EU) to prefer grants over loans as a funding mechanism for its anticipated economic stimulus fund against the impacts of COVID-19, said ECB President Christine Lagarde, Reuters reported. \u201cOur assumption is that the recovery fund will come about and will be a strong mixture of &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,6872],"class_list":["post-31506","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-eur"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31506"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31506\/revisions"}],"predecessor-version":[{"id":31508,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31506\/revisions\/31508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31507"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}