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European Central Bank increases pandemic support by $600 billion euro

June 04, 2020 00:00 AM UTC
- Updated September 02, 2020 10:55 AM UTC

The announcement, which surprised markets, was made by ECB President Christine Lagarde.

Transcript

[MUSIC PLAYING] CHRISTINE LAGARDE: Incoming information confirms that the euro area economy is experiencing an unprecedented contraction. There has been an abrupt drop in economic activity, as a result of the coronavirus pandemic, and the measures taken to contain it. Severe job and income losses, a...

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