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ECB Officials Pressure Governments to Ready Virus Response

  • Monetary policy can’t be only response to virus: Villeroy
  • Need two quarters to understand economic impact: Visco
Türöffnertag Sendung mit der Maus in der EZB
Photographer: Bernd Hartung for ECB
Updated on

European Central Bank policy makers from two of the euro area’s biggest economies said governments must shoulder most of the burden for rebooting economies if the coronavirus has a deeper impact on growth.

France’s Francois Villeroy de Galhau and Italy’s Ignazio Visco were speaking at the Group of 20 meeting of central bankers and finance ministers in Riyadh, where the threat from the outbreak was front and center.