Using the funds could jeopardize the euro’s reputation, the bank’s vice president has said The EU should not use frozen Russian assets in order to help rebuild Ukraine, the European Central Bank (ECB) vice president, Luis de Guindos, said in an interview with De Standaard and La Libre Belgique news outlets published on Wednesday. According to the senior official, such an action could have serious implications for Europe’s single currency. “We have to be careful because this could lead to reputational damage. We have to look beyond this conflict in isolation, and there could be implications for the euro as a safe c
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