European Stocks Plunge Most This Century After ECB Underwhelms

It’s not a liquidity problem. This battle is for Merkel to step up and fight, Lagarde is the foot soldier in this coronavirus war. The market needs to see decisive and effective political and fiscal leadership from the EU. Good first step, but not enough to lift the mood and change sentiment. We need strong fiscal response. Monetary policy bullet is spent and just a band-aid.” – Manish Singh


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