ECB’s de Guindos: Optimism Sparked by Recent Data is Justified

European Central Bank (ECB) Vice President Luis de Guindos provided insights on euro zone growth and coronavirus economic impact on the block.

Recent data justifies optimism over the euro area’s growth amid the coronavirus crisis.

The euro zone economy is facing a deep recession, but banks across the euro area have sufficient capital to assist businesses affected through the crisis.

Greater cooperation is needed in fiscal policy to support the economic recovery.