ECB's de Guindos says 'coronabonds' are not only instrument to fight coronavirus

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ECB's de Guindos says 'coronabonds' are not only instrument to fight coronavirus
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The so-called 'coronabonds', or common EU bonds, are not the only or the most effective instrument in the fight against the coronavirus, European Central Bank's vice-president Luis de Guindos said on Monday.

FILE PHOTO: European Central Bank Vice-President Luis de Guindos attends an European Union finance ministers meeting in Brussels, Belgium January 21, 2020. REUTERS/Johanna Geron

MADRID - The so-called ‘coronabonds’, or common EU bonds, are not the only or the most effective instrument in the fight against the coronavirus, European Central Bank’s vice-president Luis de Guindos said on Monday. “It is neither the only defensive tool nor certainly the most powerful,” De Guindos told radio station Cadena Cope on Monday.Reporting By Jesús Aguado and Emma Pinedo; editing by Inti Landauro

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