Nagel Echoes Lagarde on Euro Zone Slipping Below ECB Baseline
The euro-zone economy has shifted beyond the European Central Bank’s base case and toward a more painful outcome due to the Iran war, Governing Council member Joachim Nagel said —...
By Francine Lacqua, Mark Schroers, Jana Randow · Bloomberg Markets
The euro-zone economy has shifted beyond the European Central Bank’s base case and toward a more painful outcome due to the Iran war, Governing Council member Joachim Nagel said — echoing an earlier assessment by President Christine Lagarde.