Don't let up in Covid-19 spending, urges ECB head Lagarde   

Withdrawing fiscal support would risk delaying recovery and amplifying long-term scarring effect, she says

'A premature withdrawal of fiscal support would risk delaying the recovery' after the pandemic, according to ECB president Christine Lagarde. 

ECB president Christine Lagarde said governments can’t afford to let up efforts to support the region’s economy through the pandemic-induced crisis.

“An ambitious and coordinated fiscal stance remains crucial, as a premature withdrawal of fiscal support would risk delaying the recovery and amplifying the longer-term scarring effects,” she told a meeting of the IMF.