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.
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.
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