CHRISTINE LAGARDE

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EU focuses on military

IN-DEPTH

EU prioritizing arms over social justice

The European Union is experiencing a significant wealth disparity, with 487 billionaires seeing their wealth increase by €405 billion while 93 million citizens, including 20 million children, face poverty.

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EU

ECB chief urges quick EU recovery plan to pull economy from ‘dramatic fall’

European Central Bank head Christine Lagarde urges European Union (EU) leaders to quickly agree on a recovery package that would pull the economy from a "dramatic fall" or risk a change in sentiment on markets.

Christine Lagarde

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ECB chief: Eurozone economy to shrink sharply this year

The European Central Bank chief says the eurozone is grappling with unprecedented contraction in the aftermath of the new coronavirus’ outbreak.

Europe-economy

EU

Euro zone economy to shrink between 8% and 12% in 2020

The euro zone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic.

ECB

REPORTS

ECB outlines threats to EU's fragile economy

European Central Bank President says major threats face the EU's economy, the newest of which is the Coronavirus.

REPORTS

Trump and Brexit key threats to eurozone economy

Donald Trump's trade policies and Brexit are the key threats currently facing the eurozone economy.

Christine Lagarde

ECONOMY

No-deal Brexit to incur costs on UK: IMF

The IMF warns that a Brexit with no deal would lead to a contraction in the British economy.

lagarde hammond

ARGENTINA

IMF, Argentina making ‘progress’ in bailout talks

The International Monetary Fund (IMF) says it is making progress with Argentina toward securing a bailout for the crisis-hit Latin American country.

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