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Spanish PM welcomes ECB's 750 billion euro bond-buying program

FILE PHOTO: Spanish Prime Minister Pedro Sanchez speaks during a news conference after taking part in a conference call with European leaders at the Moncloa Palace in Madrid, Spain March 10, 2020. REUTERS/Sergio Perez

MADRID (Reuters) - The European Central Bank’s plan to buy up to 750 billion euros ($816 billion) worth of bonds to mitigate the effect of the coronavirus crisis will protect citizens and economies, Spanish Prime Minister Pedro Sanchez said on Thursday.

“These are times of responsibility, solidarity and united action from all the institutions of the EU,” Sanchez said on his Twitter account. “We will do whatever it takes,” he added.

Reporting by Inti Landauro; Editing by Sonya Dowsett