Economics
ECB Split Is Brewing on Pandemic Program That Calmed Crisis
- Differing views on bond-buying echo disputes of Draghi era
- Debate centers on how far-reaching pandemic program should be
The European Central Bank headquarters in Frankfurt, Germany,.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank President Christine Lagarde’s signature crisis-fighting tool is becoming the focus of disagreement among policy makers in what could amount to her first major test of discipline.
Governing Council members face a potential rift over how much their emergency bond-purchase program should stay weighted toward weaker countries such as Italy, according to multiple conversations with central-bank officials.