ECB’s de Guindos sees smaller impact from new variant, surge

The euro zone economy faces risks from a new variant of the coronavirus and rising cases but their impact should smaller than in the past thanks to vaccines, the European Central Bank’s vice-president Luis de Guindos said on Friday.

“We’ve got a differentiating factor, which is vaccination,” de Guindos told an event in Spain. “Therefore I think the effect on the economy is going to be more limited, I’m relatively optimistic.”

ECB’s de Guindos sees smaller impact from new variant, surge