ECB’s Rehn calls for Europe-wide systemic solution to crisis

The European Central Bank’s EUR 750 billion emergency bond-buying program is the “central pillar” of its response to the coronavirus crisis, but Europe also needs continent-wide fiscal action, Finnish governor Olli Rehn said on Friday.
Olli Rehn. | Photo: Karoliina Vuorenmäki
Olli Rehn. | Photo: Karoliina Vuorenmäki
By Piotr Skolimowski, Carolynn Look and Nejra Cehic / BLOOMBERG

In a Bloomberg Radio interview, ECB policy maker Olli Rehn said so-called coronabonds -- jointly issued debt -- would be one option to help tackle the financial fallout from the outbreak. He also expressed optimism that finance ministers will agree on a joint response when they meet next week.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

The environmental, social and governance ratings of exchange-traded funds are set to be downgraded by index provider MSCI. | Foto: Delcia Lopez/AP/Ritzau Scanpix

Hundreds of funds set to lose ESG rating