ECB's Lagarde wants an ambitious EU agreement not necessarily a quick one

European Central Bank President Christine Lagarde commented on the ongoing negotiations at the EU leaders summit

(latest is this, here: EU summit talks update - recovery fund talks dragging on, no agreement yet )

  • "Ideally, the leaders' agreement should be ambitious in terms of size and composition of the package, broadly along the lines of what has been proposed by the Commission"
  • "From my perspective, it's better to agree on an ambitious facility along these lines, even if it takes a bit more time. I would hope that the leaders agree on something that's ambitious rather than fast."
European Central Bank President Christine Lagarde commented on the ongoing negotiations at the EU leaders summit

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