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Philip Lane: ‘We have a unique initiative in Europe now — it is really quite something’

The ECB’s chief economist says the EU recovery fund has revised beliefs about the durability and resilience of the euro area
This is part of a series, ‘’, featuring conversations between top FT commentators and leading economists about coronavirus economic recovery

Europe has borne the brunt of the economic fallout from the coronavirus pandemic, which plunged the region into a deeper recession than most of its major trading partners.

In response, European leaders have been forced to stretch the boundaries of both fiscal and monetary policy as they try to limit the damage from the crisis on jobs, businesses and overall output. 

Who better to discuss the economic impact of the pandemic and the measures launched to counter it than Philip Lane, chief economist at the European Central Bank

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