ECB head Lagarde does not believe in the possibility of “such a catastrophe” as a US default
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The United States cannot afford to default on its debt obligations, says the head of the European Central Bank (ECB), Christine Lagarde. In her opinion, if this happened, there would be “very, very negative consequences not only for this country, where confidence would be shaken, but for the whole world.”
“I just can’t believe that they would allow such a serious, serious catastrophe as the default of the US debt obligations. This is impossible. I can’t believe this could happen,” Ms Lagarde said. CBS.
The Joe Biden administration is calling on Congress to raise the national debt ceiling, which is currently set at $31.4 trillion. Representatives of the Republican Party, which control the House of Representatives, are skeptical about this. Treasury Secretary Janet Yellen said in March that the ministry would have to take “extraordinary measures” once the debt ceiling was reached. There will be enough cash and emergency measures, she estimates, until about June.
About the banking crisis in the United States – in the material “Kommersant” “At least three volumes per month”.
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