NEWS

Eurozone ‘ready to act’ on coronavirus impact if needed, says Centeno

eurozone-ready-to-act-on-coronavirus-impact-if-needed-says-centeno

The coronavirus seems to be a “temporary shock” to the eurozone economy but the bloc’s member states must be prepared to act in a coordinated way if the impact becomes a more long-lasting one, the chairman of eurozone finance ministers Mario Centeno said.

“It’s the new risk and it’s obviously a downside risk to our economies,” Centeno told Reuters in an interview on Friday.

“It looks like it’s going to be temporary, but the impact is there, and … we need to coordinate our actions in case this becomes a more global scenario,” he said. [Reuters]