Paul Gordon

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  • Christine Lagarde, President of the European Central Bank, speaks to the media. On Thursday, the central bank announced a new ultra-cheap loan program to help out businesses and homeowners ravaged by the coronavirus pandemic. Wire photography: Thomas Lohnes—Getty ImagesFinance

    Europe turns to a familiar tool—negative rates—in bid to lend its way out of the crisis

    By Paul Gordon, Carolynn Look, and others