ECB's de Guindos says 'coronabonds' are not only instrument to fight coronavirus

FILE PHOTO: Luis de Guindos, vice-president of the European Central Bank, speaks during a Reuters Breakingviews event in New York, U.S., April 25, 2019. REUTERS/Brendan McDermid

MADRID (Reuters) - The so-called ‘coronabonds’, or common EU bonds, are not the only or the most effective instrument in the fight against the coronavirus, European Central Bank’s vice-president Luis de Guindos said on Monday.

“It is neither the only defensive tool nor certainly the most powerful,” De Guindos told radio station Cadena Cope on Monday.

“The most powerful is undoubtedly the European Central Bank,” he said.

Reporting By Jesús Aguado and Emma Pinedo; editing by Inti Landauro