Lagarde: The recovery of the eurozone economy is still fragile

European Central Bank President Christine Lagarde said that the eurozone economy has begun to recover from the recession caused by the pandemic, but the recovery is still fragile, as she indicated that she was not yet ready to end the Pandemic Emergency Purchase Program (PEPP). "We agreed to keep (PEPP) until at least March 2022 and in any case until we judge that the phase of the Corona virus crisis is over, while the recovery starts now, it is still fragile," Lagarde said in an interview with the French daily La Provence.

European Central Bank policymakers have begun debating when they should return their emergency bond purchases that have pumped more than €1 trillion into the financial system since the pandemic began, with Germany's Jens Weidmann and Austria's Robert Holzmann becoming the first ECB governors to publicly discuss the possibility of ending the 1.85 trillion-euro program. With the improvement of the economy.