Christine Lagarde, the incoming president of the European Central Bank, said on ...
FILE PHOTO: Christine Lagarde, President-designate of the European Central Bank in Frankfurt, Germany October 28, 2019. Boris Roessler/Pool via REUTERS
In an interview with France’s RTL broadcaster days before she takes up her post, Lagarde singled out Germany and the Netherlands as countries that could deploy their surpluses to help growth. “Those that have the room for manoeuvre, those that have a budget surplus, that’s to say Germany, the Netherlands, why not use that budget surplus and invest in infra-structure? ... Why not invest in education, why not invest in innovation, to allow for a better re-balancing?”
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