Prognosis
ECB Is Criticized for Too Little Action as Europe Grinds to Halt
- Macron says he doesn’t think ECB’s measures will be sufficient
- Bank of France’s Villeroy says package ‘powerful, coherent’
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French President Emmanuel Macron and Italian Prime Minister Giuseppe Conte took a rare swipe at the European Central Bank after its bid to tackle the fallout from the coronavirus failed to calm jittery markets.
The stimulus package announced by ECB President Christine Lagarde falls short of what’s needed to tackle the unfolding crisis, the two leaders said late Thursday. The virus has infected more than 17,000 people in Europe and killed in excess of 1,000 in Italy, the epicenter of the outbreak.