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Protection against the coronavirus, 2020 Kevin Lee/Süddeutsche Zeitung Photo

Headline: Protection against the coronavirus, 2020

Messe Ispo Munich in München, 2020 Stephan Rumpf/Süddeutsche Zeitung Photo

Headline: Messe Ispo Munich in München, 2020

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan, Co-CEO of SAP SE, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Balance sheet press conference of SAP SE. Jennifer Morgan and Christian Klein, during the press conference.

Protection against Coronavirus, 2020 Kevin Lee/Süddeutsche Zeitung Photo

Headline: Protection against Coronavirus, 2020

Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus snapshot-photography/F.Boillot/Süddeutsche Zeitung Photo

Headline: Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus

Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus snapshot-photography/F.Boillot/Süddeutsche Zeitung Photo

Headline: Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus

Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus snapshot-photography/F.Boillot/Süddeutsche Zeitung Photo

Headline: Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus

Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus snapshot-photography/F.Boillot/Süddeutsche Zeitung Photo

Headline: Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus

Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus snapshot-photography/F.Boillot/Süddeutsche Zeitung Photo

Headline: Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus

Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus snapshot-photography/F.Boillot/Süddeutsche Zeitung Photo

Headline: Blumen und Kerzen für Maria B. vor ihrem Berliner Wohnhaus

Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay

Singapore, Republic of Singapore, tourist with mouthguard in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourist with mouthguard in Merlion Park in Marina Bay

Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay

Singapore, Republic of Singapore, A young woman with a mouthguard in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, A young woman with a mouthguard in Merlion Park in Marina Bay

Singapore, Republic of Singapore, A young woman with a mouthguard in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, A young woman with a mouthguard in Merlion Park in Marina Bay

Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay

Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay

Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay

Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, tourists with face mask in Merlion Park in Marina Bay

Singapore, Republic of Singapore, people with mouthguards at Marina Bay Sands shopping centre Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people with mouthguards at Marina Bay Sands shopping centre

"Oide Wiesn Bürgerball" in München, 2020 Stephan Rumpf/Süddeutsche Zeitung Photo

Headline: "Oide Wiesn Bürgerball" in München, 2020

"Oide Wiesn Bürgerball" in München, 2020 Stephan Rumpf/Süddeutsche Zeitung Photo

Headline: "Oide Wiesn Bürgerball" in München, 2020

"Oide Wiesn Bürgerball" in München, 2020 Stephan Rumpf/Süddeutsche Zeitung Photo

Headline: "Oide Wiesn Bürgerball" in München, 2020

"Oide Wiesn Bürgerball" in München, 2020 Stephan Rumpf/Süddeutsche Zeitung Photo

Headline: "Oide Wiesn Bürgerball" in München, 2020

Singapore, Republic of Singapore, woman with mouthguard at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, woman with mouthguard at a busy bazaar in Chinatown

Singapore, Republic of Singapore, woman with mouthguard at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, woman with mouthguard at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown Olaf Schülke/Süddeutsche Zeitung Photo

Headline: Singapore, Republic of Singapore, people wearing mouthguards at a busy bazaar in Chinatown

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.

Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany. Ulrich Baumgarten/Süddeutsche Zeitung Photo

Headline: Christine Lagarde, President of the European Central Bank (ECB), during the press conference on January 23, 2020 in Frankfurt , Germany.