March 20, 2020 / 10:20 AM / 17 days ago

Agree on common safe asset, ECB's Rehn tells governments

HELSINKI, March 20 (Reuters) - European governments need to act quicker to combat the coronavirus crisis, and above all agree on a common safe asset, European Central Bank policymaker Olli Rehn said on Friday.

“At this critical juncture, it is essential that euro area governments get their acts together and agree to a coordinated European fiscal response,” Rehn, Finland’s central bank chief, told a press conference.

“There’s a saying: never waste a crisis. Therefore it’s important that euro area governments agree at this critical moment on some kind of a safe asset that could provide sturdy support for financing,” Rehn said. (Reporting by Anne Kauranen Writing by Balazs Koranyi; Editing by Kevin Liffey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below