Christine Lagarde’s comments on March 12 undermined what was otherwise a solid set of measures to mitigate the Covid-19 crisis, analysts tell Central Banking.

On March 12, the European Central Bank unveiled a set of measures to stimulate the eurozone economy, suffering from the double joint supply/demand shock unleashed by the Covid-19 crisis.

Italy is going through a nationwide quarantine and cases are rapidly spreading through the eurozone’s other largest economies: France, Germany and Spain