Economics
Lagarde-Merkel Double Act Unites Europe in Stimulus Zeal
- Easing in Berlin and Frankfurt as fund mooted for Brussels
- Policy making shift is ‘tremendously significant,’ Hill says
This article is for subscribers only.
Europe’s monetary and fiscal titans are finally moving in lockstep as a wave of German stimulus buttressing additional central-bank easing heralds the prospect of a new era of policy coordination in the region.
Those measures to aid the economic pickup from the coronavirus crisis, announced within half a day of each other in Berlin and Frankfurt, followed a groundbreaking shift toward creating a European recovery fund in Brussels supported by joint borrowing.