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Help in #Coronavirus crisis should come from European level - #ECB

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Help to eurozone members struggling under the weight of the coronavirus crisis should come from the European level, European Central Bank (ECB) board member Isabel Schnabel told Greek newspaper To Vima in an interview, writes Balazs Koranyi.

“This is not just a question of European solidarity, but also makes sense from an economic standpoint,” Schnabel was quoted on Saturday (4 April) as saying.

“The issuance of one-off ‘coronabonds’ is one possibility,” Schnabel said. “There are other instruments that could be used, like an EU rescue fund or measures involving the European Stability Mechanism or the European Investment Bank.”

To read the full text of the interview, please click here.

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