Eurozone starting to see ‘light at the end of the tunnel’ – de Guindos
ECB’s ‘Financial stability review’ highlights pandemic’s uneven effect across countries and sectors
Faster vaccination programmes in the eurozone were “offering a route out of the pandemic”, the vice-president of the European Central Bank, Luis de Guindos, said today (May 19).
Presenting the ECB’s Financial stability review, he warned the uneven effect of the pandemic across countries and economic sectors would be a challenge during the recovery. Additionally, he pointed out corporate insolvencies could rise, should governments withdraw support programmes.
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