Spain has converted hotels into makeshift hospitals and turned an ice rink in Madrid into a temporary morgue
The parallels mean Europe could be facing a ballooning of its central bank balance sheet in the years to come, and a major fiscal package could be needed
ECB's Peter Praet and Benoit Coeure also warned that the threat of a global trade war is increasing the risk to growth
Monetary policy measures can improve welfare, contribute to reducing income disparities