ECB's Lagarde Says Common EU Financing Is 'Desirable'.

European Central Bank President Christine Lagarde expressed support for joint European Union financing for common goods like security and climate transition. Lagarde emphasized the importance of increased fiscal capacity for the euro area. However, there are differing opinions within the EU, with some, like Bank of Italy Governor Fabio Panetta, advocating for common borrowing to ensure growth and innovation, while others, like the German government, are hesitant due to concerns about shared risks. Bundesbank President Joachim Nagel echoed Germany's stance, stating that common debt financing is not a near-term goal. [Extracted from the article]