European Central Bank member (ECB), Christine Lagarde, indicated that the bank is ready to take all necessary measures to fight the crisis caused by the coronavirus outbreak. More of her statements are as follows:
Incoming economic data is beginning to show unprecedented declines.
The Eurozone economy is expected to shrink a lot.
Recent political measures have helped to improve financing conditions.
Central banks have taken concerted measures to enhance liquidity provision in US dollars.
ECB agreed to provide euro liquidity.
