Economics

Guindos Says ECB More Determined Than Ever to Help Economy

Vice President presents ECB 2019 annual report to EU lawmakers
Region faces cloud of uncertainty over scale of economic hit

Construction workers labor on a building site near the European Central Bank headquarters in Frankfurt.
Photographer: Alex Kraus/Bloomberg

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By Carolynn Look and Alexander Weber

May 7, 2020 at 7:43 AM UTC

Updated on

May 7, 2020 at 9:31 AM UTC

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The European Central Bank is “more determined than ever” to support the euro-area economy after the deadly coronavirus forced businesses shut and plunged the 19-nation region into its worst recession in decades, Vice President Luis de Guindos said.