Warning of economic slump ahead, Lagarde urges EU to agree on stimulus plan

The European Central Bank's chief warned EU leaders on Friday that their economies were heading for a "dramatic fall" due to the coronavirus crisis and urged them to agree quickly on a massive stimulus plan that has divided the bloc. Christine Lagarde told a video-conference summit that the full effects of Europe's worst recession since World War Two had yet to appear in the labour market and unemployment in the 19-country euro zone could jump to 10% from 7.

3% now. Her stark message came as the European Union's.

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