September 12, 2024 13:30 GMT
ECB: Lagarde: Slowdown Of German Economy Was Anticipated By Bundesbank
ECB
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Q: Were you expecting such a slowdown in Germany? How does it impact in your projections and risk assessment? Do you believe that the emergence of a pan-European bank could be a positive for the industry and the eurozone as a whole?
A:
- "We reach out to the national central banks. The slowdown of the German economy was anticipated by the Bundesbank and the ECB and shared on a eurosystem basis. It is embedded in the projections we have. There is clearly heterogeneity among the economies of Europe".
- "I think there are quite a few pan-European banks. What you are talking about is a cross border merger of two large institutions".
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