April 4, 2020
FRANKFURT (Reuters) – Help to euro zone members struggling under the weight of the coronavirus crisis should come from the European level, European Central Bank board member atold Greek newspaper To Vima in an interview.
“This is not just a question of European solidarity, but also makes sense from an economic standpoint,” Schnabel was quoted on Saturday 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.”
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(Reporting by Balazs Koranyi; Editing by Angus MacSwan)
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