ECB's plan to support eurozone banks is underwhelming
by Larry Elliott Economics editor from Economics | The Guardian on (#50M77)
Christine Lagarde delivered a disappointing set of measures to mitigate the impact of coronavirus
For Christine Lagarde, it was the moment to stamp her authority on the European Central Bank - and she blew it.
Back in 2012, Mario Draghi announced his arrival at the ECB with his now famous "whatever it takes speech": a commitment to use all the weapons at the bank's disposal to halt a run on Italian and Spanish bonds that was threatening the existence of the eurozone.
Related: ECB announces plan to help eurozone banks withstand coronavirus
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