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>> No.52216512 [View]
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52216512

Oh no, I don't feel so good right now bros

EUROPEAN CENTRAL BANK PRESIDENT CHRISTINE LAGARDE CONFIRMS THAT IT'S OVER
>Lagarde Says Recession Alone Won’t Tame Inflation: ECB Update
>(Bloomberg) -- European Central Bank President Christine Lagarde warned that a “mild recession” is possible but that it wouldn’t be sufficient in itself to stem soaring prices.
>Speaking a week after the ECB’s second straight 75 basis-point hike in borrowing costs, and as fears mount that the energy crisis will drag down output in the 19-nation euro zone, Lagarde said “we don’t believe that that recession will be able to tame inflation.”
>While a contraction isn’t her “baseline” scenario, Lagarde’s Latvian colleague, Martins Kazaks, said he expects one in the coming months. Executive Board member Fabio Panetta, meanwhile, warned about the economic risks of rapid rate rises.

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