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“We are not here to close spreads,” Markets had hoped that today would be Christine Lagarde’s “Whatever it takes” moment.

Those hopes have proven misplaced. 

In a nervy performance, Mario Draghi’s successor as European Central Bank president made a stumble that threatened to undo much of what he achieved during his eight years in charge – including the sentiment that underpinned those famous three words. 

FT Alphaville 12 March 2020

ECB's plan to support eurozone banks is underwhelming

Christine Lagarde delivered a disappointing set of measures to mitigate against coronavirus

The Guardian 12 March 2020

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