ECB's Villeroy: EU governments need to implement recovery plan urgently

Eren Sengezer FXStreet

The European policymakers' main issue now is not the scale of the fiscal response but the speed of its execution, European Central Bank (ECB) Governing Council member François Villeroy de Galhau said on Wednesday, as reported by Reuters.

"Speed, once more, is our collective handicap," Villeroy added. "Governments now need to implement the recovery plan to which they have agreed and they need to do so urgently."

Market reaction

The EUR/USD pair largely ignored these comments and was last seen posting small daily gains at 1.1728.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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