Lagarde

Europe would be better off sitting at the negotiating table with the US rather than immediately imposing countermeasures on trade tariffs, European Central Bank President Christine Lagarde said.

The Governing Council of the European Central Bank is meeting on Wednesday and Thursday at the Bank of Greece, for the first time since 2008.

Its president, Christine Lagarde (pictured), has had the opportunity to get a taste of Athens and the Greeks in a different climate than what prevailed during the difficult years of the debt crisis.

European Central Bank President Christine Lagarde pushed back on Wednesday against economic pessimism, arguing that a rebound will come as pandemic uncertainty declines and that Europe possesses all the tools needed to overcome the crisis.

The eurozone economy is likely to shrink between 8% and 12% this year as it struggles to overcome the impact of the coronavirus pandemic, European Central Bank President Christine Lagarde said on Wednesday.

The global economy is already sailing in the uncharted waters of the asymmetrical threat of the coronavirus.

In the last systemic threat, in 2012, then ECB chief Mario Draghi famously said that "whatever it takes" would be done.

That assurance alone was sufficient to quell the fears of investors and raised the bar for the handling of analogous future crises.

European Central Bank (ECB) President Christine Lagarde told European Union (EU) leaders that ECB policy makers would look at all policy tools at their meeting this week, particularly ones to provide "super-cheap" funding, Bloomberg News reported.

The Greek economy continues to improve and chances are rising that the European Central Bank will eventually buy its debt under its asset purchase scheme, ECB President Christine Lagarde said on Thursday.

In their first one-on-one meeting on Wednesday, Greek Prime Minister Kyriakos Mitsotakis and European Central Bank President Christine Lagarde discussed Greece's economy, with the ECB chief hailing the progress of reforms.

European Central Bank's new head Christine Lagarde posted a solemn photo of her new team at the European Central Bank (ECB), but she probably did not expect what kind of reaction she would provoke, the newspaper Figaro writes in an online publication.

The photo shows Lagarde in front of a large round table surrounded by her new team, made up entirely of men.

Christine Lagarde on Nov. 1 assumed her duties as the first-ever female president of the European Central Bank (ECB).