# Lord Mervyn King discusses how the coronavirus outbreak impacts decisions made by Central Banks, noting that the situation is much more difficult than dealing with the financial crisis

1 Faculty News March 17, 2020 ![Financial News logo ](/sites/default/files/styles/246w/public/assets/images/con_030513.jpg?itok=TpE2KEls)>

Excerpt from [Financial News](https://www.fnlondon.com/articles/mervyn-king-virus-panic-is-much-more-difficult-than-financial-crisis-20200317) -- "'I think this is much more difficult than dealing with the financial crisis,' [King](https://www.stern.nyu.edu/faculty/bio/mervyn-king) told Financial News in a phone interview Monday. Unlike the coronavirus pandemic, there have been several financial crises in the past from which central bankers could draw lessons. 'I think we had a pretty clear idea as to the kind of measures we needed to take.'”

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