Europe will need fiscal help in 2022: Lagarde By Reuters

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© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a press conference on the outcome of the Governing Council meeting in Frankfurt.

FRANKFURT (Reuters) – Euro zone states must keep fiscal spending high this year and through 2022 to protect the bloc from permanent damage caused by the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday in an online interview with The Economist. Lagarde also called on the leaders of the European Union to put in place the EU’s spending package for the Next Generation of 750,000 million euros of the bloc, since some economic restrictions could remain in force until the second half of the year.

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