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ECB's Lagarde says euro zone in better shape facing new COVID wave, Omicron variant

Published 28/11/2021, 21:03
Updated 28/11/2021, 21:05
© Reuters. FILE PHOTO: European Central Bank President Christine Lagarde in Brussels, Belgium February 6, 2020. REUTERS/Francois Lenoir

MILAN (Reuters) - The euro zone is better equipped to face the economic impact of a new wave of COVID-19 infections or the Omicron variant, European Central Bank President Christine Lagarde said.

Several European countries have introduced restrictive measures due to a new increase in COVID-19 infections. The new coronavirus variant Omicron was detected in South Africa on Friday and has spread rapidly across Europe.

"There is an obvious concern about the economic recovery [of the euro zone] in 2022, but I believe we have learnt a lot. We now know our enemy and what measures to take. We are all better equipped to respond to a risk of a fifth wave or the Omicron variant", Lagarde told Italian broadcaster RAI on Sunday.

"The crisis taught us this virus knows no boundaries. Therefore we will not be protected until we are all vaccinated", Lagarde was quoted as saying in a simultaneous Italian translation from French.

Latest comments

Legard is not qualified to talk about covid. she just need to stick with her finance which even that is not so great.
you are totally not well equipped
she is panicking
euro as a currency has dropped from 1.17 to 1.12 against usd. these are her desperate speeches to recover euro and boost Investor confidence in eur curre cy and currency futures..
It means we are not well equipped - thats how they fool us.
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