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Lagarde Backs Calls for Joint Debt Issuance

Mar.27 -- Yesterday’s call between EU leaders wasn’t as fruitful as had been hoped. They struggled to agree on a concrete strategy to contain the fallout from the virus in a coordinated way. Countries including France, Italy and Spain are pushing for more radical steps such as joint debt issuance, something ECB President Christine Lagarde is also backing. But Lagarde’s appeals fell on deaf ears with Germany and the Netherlands shooting down the proposal as usual. Bloomberg’s Maria Tadeo reports on “Bloomberg Markets: European Open.”