The impact of the coronavirus outbreak will put Europe into a recession but it s...
Luis de Guindos, vice-president of the European Central Bank, speaks during a Reuters Breakingviews event in New York, U.S., April 25, 2019. REUTERS/Brendan McDermid
“This impact will be very hard and will place Europe into a recession,” de Guindos said in an interview with Spanish TV La Sexta channel. De Guindos insisted that the ECB will act as much as needed to combat the coronavirus’ damaging economic impact and stressed the importance of avoiding a debt crisis in Europe.
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