About: http://data.cimple.eu/news-article/628d25fa14acc77a515d1d046b98431eb0701430f019b1333884d8cf

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	European Central Bank chief Christine Lagarde on Tuesday praised EU leaders for agreeing a huge recovery plan for their coronavirus-ravaged economies, saying it showed the bloc "steps up and comes together" in times of crisis. After four days and four nights of wrangling, European Union leaders sealed the deal on a 750-billion-euro ($858 billion) rescue package that will consist of loans and grants for the hardest-hit member states. The deal "shows that when most needed, the EU steps up and comes together to help the people of Europe," Lagarde tweeted. "Thank you for your resilience and determined action over the last days. We can only fight the economic consequences of COVID-19 by working together." The ECB has taken drastic action in recent months to cushion the economic blow from the pandemic, which has plunged the region into its worst recession in modern history. The Frankfurt institution has rolled out an unprecedented 1.3-trillion-euro pandemic emergency bond-buying scheme as well as offering ultra-low rates and cheap loans to banks to help keep credit flowing and encourage spending and investment. But Lagarde has repeatedly urged governments to support the efforts with fiscal stimulus. ECB governors last week held back from topping up their monetary stimulus to the eurozone economy as the EU summit loomed, with Lagarde calling on leaders to do their bit and "agree on an ambitious package". "After the ECB has been the only game in town for quite some time now, it looks like a second team has entered the game," ING bank analyst Carsten Brzeski said. "That should take some of the pressure off of the ECB in the aftermath of this historical crisis. Probably even more if the second team was to improve its team play." mfp/hmn/rl
schema:headline	ECB's Lagarde lauds EU for 'stepping up' with recovery plan
schema:mentions	European Council European Central Bank Eurozone Frankfurt Christine Lagarde Recession European Union Pandemic United States Severe acute respiratory syndrome coronavirus 2 ING Group Fiscal policy Mark Roebuck
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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