About: http://data.cimple.eu/news-article/136bcdd44b021063fd0163b08aead19913433ea282059e7d0eb46215

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/136bcdd44b021063fd0163b08aead19913433ea282059e7d0eb46215 Goto Sponge NotDistinct Permalink

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

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	The president of the European Central Bank (ECB) Christine Lagarde said Thursday that the novel coronavirus pandemic would lead to a "considerable decline" in economic activity in the euro area. In an op-ed published in several European newspapers, Lagarde said that as governments imposed containment measures to slow contagion, "a large part of the economy is being switched off. As a result, economic activity across the euro area will decline considerably." "Public policies cannot prevent this. What they can do is ensure that the downturn is no longer and deeper than it needs to be," she added. Lagarde said the pandemic was "an unbearable human tragedy" with "few precedents in recent history" and said the ECB would do all it could to assuage the economic impact. "We will do everything necessary within our mandate to help the euro area through this crisis, because the ECB is at the service of the European people," she said. The op-ed comes a day after the bank unveiled its "Pandemic Emergency Programme", pledging to spend 750 billion euros ($800 billion) on emergency bond purchases in an effort to contain the economic damage from COVID-19. The move followed criticism that the bank was not doing enough to shore up the eurozone economy, after a big-bank stimulus package unveiled last week failed to calm nervous markets. On Thursday, Lagarde underlined the ECB's readiness to take even more drastic measures if necessary. "If self-imposed limits hamper action that we are required to take to fulfil our mandate, we will revise these limits to the extent necessary to make our action proportionate to the risks we face," she said. "We are fully prepared to further increase the size of our asset purchase programmes and adjust their composition, by as much as necessary and for as long as needed." kih/jpl/spm
schema:headline	ECB sees 'considerable decline' in euro area activity
schema:mentions	Jet Propulsion Laboratory European Central Bank Eurozone Op-ed Christine Lagarde Pandemic Coronavirus Coronavirus disease 2019 Drastic Measures The Move
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software