ECB President Christine Lagarde said in a Politco interview, “you don’t remove the crutches from a patient unless and until the muscles have started rebuilding sufficiently so that the patient can walk on his or her own two legs. ”
“The same applies to the economy,” She added. “We are at a turning point where, bearing in mind alternative variants, we are on that recovery path, heading firmly towards a return to the pre-COVID-19 level.
She also reiterated that ECB has indicated the PEPP program will continue “until at least March 2022 and, in any case, until the Governing Council judges that the pandemic crisis phase is over.” Eurozone seems to be “heading in the right decision”. But it’s “far too early to debate” ending the PEPP program.
