EU plodding stirs ECB concernsThe European Union’s path to joint fiscal stimulus is looking less assured than its monetary guardians would like, casting further clouds over an outlook already stunted by the bloc’s botched vaccination drive, reports Bloomberg.
European Central Bank President Christine Lagarde last week gave a hint of alarm to lawmakers on the slow rollout of the 750 billion-euro pandemic recovery fund, building on the warning of colleagues.
That heaps pressure on the EU’s leadership to get its flagship tool right, especially with other parts of its crisis response faltering.
The U.S.’s more advanced immunization push and President Joe Biden’s $1.9 trillion stimulus that is already posting checks to citizens highlight.