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ECB’s Lagarde tells ministers fragmentation is serious risk -source

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Reuters UK

LUXEMBOURG (Reuters) – The head of the European Central Bank told euro zone finance ministers in a meeting that fragmentation is a “serious” risk that would be addressed, and warned that the bank’s commitment should not be put into question, an EU source said on Thursday. “We have to address fragmentation risk to enable the implementation of monetary policy throughout the euro area. Fragmentation risk is a serious threat to our price stability mandate,” Lagarde told ministers, according to the source. “Doubting our commitment would be a serious mistake,” Lagarde said, according to the source. …

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