HELSINKI (Reuters) – European governments need to act quicker to combat the coronavirus crisis, and above all agree on a common safe asset, European Central Bank policymaker Olli Rehn said on Friday.
“At this critical juncture, it is essential that euro area governments get their acts together and agree to a coordinated European fiscal response,” Rehn, Finland’s central bank chief, told a press conference.
“There’s a saying: never waste a crisis. Therefore it’s important that euro area governments agree at this critical moment on some kind of a safe asset that could provide sturdy support for financing,” Rehn said.
(Reporting by Anne Kauranen; Writing by Balazs Koranyi; Editing by Kevin Liffey)
