European Central Bank President Christine Lagarde said she doesn’t foresee the US defaulting on its debt, saying such an outcome would have a dire consequences around the world.
(Bloomberg) — European Central Bank President Christine Lagarde said she doesn’t foresee the US defaulting on its debt, saying such an outcome would have a dire consequences around the world.
“I have huge confidence in the United States,” Lagarde told CBS in an interview on Sunday. “I just cannot believe that they would let such a major — major — disaster happen.”
“If it did happen, it would have very, very negative impact not just for this country, where confidence would be challenged, but around the world,” Lagarde added. “I understand the politics, I’ve been in politics myself. But there is a time when the higher interest of the nation has to prevail.”
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.