European Central Bank Vice President Luis de Guindos restated the institution’s call for euro-zone governments to increase efforts to support the economy.
“Monetary policy can’t be the only option,” Guindos said at an event in Madrid on Wednesday. “If we want to face the economic situation, fiscal policy must play its part to face the deceleration along with monetary policy, and it must be done in a coordinated way, in an institutionally integrated way.”