• "In 2021, though there is still a high level of uncertainty, we could reach a growth rate of around 6pc in the euro zone," De Guindos said.
• The euro zone economy is facing a deep recession amid the coronavirus pandemic and greater cooperation is needed in fiscal policy to support the recovery, he said.

"In 2021, though there is still a high level of uncertainty, we could reach a growth rate of around 6pc in the euro zone," De Guindos said.

The euro zone economy is facing a deep recession amid the coronavirus pandemic and greater cooperation is needed in fiscal policy to support the recovery, he said.