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Free AccessMNI BRIEF: EU Fiscal Deal An Important Unity Signal: Lagarde
A deal on a new fiscal rules package before the end of the year would be an "important signal of unity", ECB President Christine Lagarde told EU leaders at a summit in Brussels Friday, according to sources close to the deliberations.
The sources said that Lagarde had called for a new fiscal framework that would "promote both debt sustainability and the necessary investments for competitiveness and resilience". Europe had to strengthen investment, mainly in the digital and green future and she called for an EU "productivity push", the summit sources said.
Echoing comments from Thursday's post-ECB meeting press conference, Lagarde also told the leaders that inflation is "on a downward trend" but said it is "too early to declare victory".
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.