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Lagarde faces greatest challenge yet as ECB battles the bond market
The European Central Bank supremo has a tough task returning the struggling eurozone economy to the right track
Crunch time is here for Christine Lagarde.
The President of the European Central Bank faces an unenviable cocktail of economic and financial risks, and must respond convincingly at tomorrow’s policy meeting.
The euro has fallen back against the dollar, potentially adding to inflationary pressure.
Borrowing costs are rising in financial markets, spurred on by US President Joe Biden’s mega-stimulus spending package, hitting indebted governments and businesses.
So far the ECB has not increased the pace of bond purchases in response, making market-watchers twitchy.
Second cruel summer awaits Europe’s ‘Club Med’ economies
Keeping ban on international travel until mid-May leaves Spain, Portugal and Greece guessing about the return of Brits to their beaches
It was not only Britons eyeing Boris Johnson’s reopening plans on Monday afternoon.
Many businesses and jobs across the “Club Med” economies hinge on tourists being able to hit beaches in the Algarve, Costa Brava and Greek islands again.
Hotspots reliant on Britons filling their bars and beaches will be waiting a little longer before finding out if a second summer can be saved from Covid, however.
In the UK, a review by the Global Travel Taskforce will be presented by April 12 with the Government then making a decision on whether international travel can return in mid-May at the earliest.