March 13, 2020 / 7:14 AM / 3 months ago

EU's Breton: no doubt that ECB will 'take its responsibilities' over coronavirus crisis

FILE PHOTO: European Commissioner for a Europe Fit for the Digital Age Margrethe Vestager and European Internal Market Commissioner Thierry Breton attend the presentation of the European Commission's data/digital strategy in Brussels, Belgium February 19, 2020. REUTERS/Yves Herman

PARIS (Reuters) - European Union industry chief Thierry Breton said on Friday that he had no doubt that the European Central Bank would “take its responsibilities” regarding helping the euro zone deal with the coronavirus crisis that has hit the world economy.

“I have no doubt that the European Central Bank will continue to take its responsibilities,” he told RTL radio.

On Thursday, the ECB rolled out a new stimulus package to help fight off the coronavirus fallout but stopped short of cutting interest rates, putting the onus firmly on governments and sending markets into a tailspin.

Breton also criticised U.S. President Donald Trump’s response to the coronavirus crisis, saying that no-one would win by adopting an “everyone for himself” position.

Reporting by Sudip Kar-Gupta and Bertrand Boucey; Editing by Kevin Liffey

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