About: coronabonds

Economy & Jobs 27-05-2020

ECB warns virus response could renew fears of euro breakup

A vast fiscal fightback to the coronavirus crisis unleashed by eurozone governments could raise questions about capitals' ability to repay debts and revive the threat of countries exiting the single currency, the European Central Bank warned Tuesday (26 May).
Economy & Jobs 23-04-2020

Council seeks to narrow differences over COVID-19 recovery fund

EU leaders meet on Thursday (23 April) for the fourth time in seven weeks to narrow their differences on how to set up a recovery fund to counter the economic fallout of the COVID-19 crisis.
Coronavirus 22-04-2020

Conte signals longer lockdown

Prime Minister Giuseppe Conte prepared Italians for a longer lockdown Tuesday (21 April) despite a second successive drop in the number of registered coronavirus cases.
Economy & Jobs 21-04-2020

‘Coronabonds’ vs ‘Recovery bonds’: Where does Germany stand?

While German Chancellor Angela Merkel has opposed the idea of 'coronabonds', German MEPs from her own political faction have spoken out in favour of 'recovery bonds', a position that could weigh heavily on the EU summit next Thursday. EURACTIV Germany reports.
Economy & Jobs 21-04-2020

EU Commission will propose ‘borrowing’ to finance recovery plan: Dombrovskis

The EU executive will propose borrowing from the markets in order to finance a recovery plan that will come on top of the EU budget, the European Commission's vice-president for the economy, Valdis Dombrovskis, told EU lawmakers on Monday (20 April). 
Economy & Jobs 21-04-2020

Merkel open to bigger EU budget, bonds to finance post-crisis recovery

German Chancellor Angela Merkel signalled readiness on Monday (20 April) to finance economic recovery in Europe from the coronavirus pandemic through a bigger European Union budget and the issuance of joint debt via the European Commission.
Economic governance 20-04-2020

COVID-19: EU’s plan to save the economy

The European Commission estimates the economic impact of the coronavirus outbreak could be greater than the financial crisis in 2008. In order to keep the economy running, the EU executive introduced flexibility for funds and national expenditure, member states approved...
Economy & Jobs 20-04-2020

Conte doubles down on demand for coronabonds

The "full firepower" of the European Union will be needed to overcome the historic shock of the coronavirus crisis, Italian Prime Minister Giuseppe Conte told German media Sunday (19 April), repeating calls to pool European debt.
Future EU 20-04-2020

Michel: EU’s way of working is ‘too slow’

European Council President Charles Michel has voiced regret that Europe’s way of working, also evident during the coronavirus crisis, is ‘too slow’ and called for more solidarity with countries that have been hard-hit by the pandemic, like Italy and Spain.
Future EU 11-04-2020

Portugal’s Costa criticises Netherlands over commitment to EU

Portuguese Prime Minister Antonio Costa said on Friday (10 April) that the Netherlands' attempt to block economic support to fight the coronavirus raised questions about the future of the European Union.
Economy & Jobs 10-04-2020

Eurogroup agrees on €540 billion corona-package

The Eurogroup finally agreed on a €500 billion package to support member states, companies and workers in the coronavirus crisis, after The Netherlands and Italy overcame they differences. Leaders will discuss in the coming days the recovery plan and the possibility of ‘coronabonds’.
Economy & Jobs 08-04-2020

Eurogroup fails to progress on economic response to pandemic

After a 16-hour teleconference that concluded on Wednesday morning (8 April), eurozone finance ministers failed to find an agreement on the economic package to tackle the  economic impact of the coronavirus.
Economy & Jobs 07-04-2020

Commission to put forward updated MFF by end of April

The European Commission is planning to present an updated multi-annual financial framework proposal on 29 April, as part of the recovery strategy to tackle the economic fallout of the coronavirus, according to an internal document seen by EURACTIV.com.
Future EU 07-04-2020

EU ministers to agree virus rescue plan, not ‘coronabonds’

EU countries are nearing an economic rescue plan for European countries worst hit by the coronavirus outbreak, sources said on Monday (6 April), but not at the level of ambition called for by Italy and Spain.
Economy & Jobs 06-04-2020

France proposes a fund of EU’s 3% GDP against virus 

The EU should have a fund capable of issuing debt totalling up to 3% of EU’s GDP (gross national income), or around €450 billion, to support the most affected countries, which would be repaid in proportion to each member state’s GNI, according to an internal document seen by EURACTIV.com.
Economy & Jobs 06-04-2020

Coronabonds for a Europe of solidarity, not charity

Today, the European Union is being hit by a symmetrical shock caused by COVID-19. This renders the instruments developed to address the 2008 financial crisis as unfit for purpose, write Iratxe García and Paul Tang.
Economy & Jobs 06-04-2020

Spain and EU Commissioners call for common European debt instruments

Europe needs debt mutualisation and a common Marshall plan to recover from the coronavirus pandemic, Spanish Prime Minister Pedro Sánchez told German newspaper Frankfurter Allgemeine Zeitung.
Economy & Jobs 02-04-2020

Netherlands, Austria push for tougher conditions for corona-loans

The Hague and Vienna are insisting on including stricter conditionality attached to loans for coronavirus-hit countries, toughening up the formula proposed by the eurozone’s bailout fund (ESM) and seen by EURACTIV.com.
Economy & Jobs 02-04-2020

Debts can be returned unlike human lives, Tsipras says

Human lives do not come back unlike public debts which can be returned, former Greek Prime Minister Alexis Tsipras wrote in an op-ed for Le Monde.
Economy & Jobs 02-04-2020

Von der Leyen apologises to Italy but baulks at ‘coronabonds’

European Commission chief Ursula von der Leyen told Italy on Thursday (2 April) that European nations were ready to help it deal with the coronavirus after initially focusing on "their own home problems".
Economy & Jobs 31-03-2020

Brussels seeks ‘consensual’ economic response to COVID-19 crisis, shifting away from coronabonds

With "all options on the table", European Commission president Ursula Von Der Leyen is looking at a consensual response among member states to the economic fallout from the COVID-19 crisis, her spokesman said on Monday (30 March), shifting away from controversial debt mutualisation advocated by Italy.
Economy & Jobs 27-03-2020

Italian papers slam ‘Ugly Europe’ over delayed economic plan

The failure of EU leaders to come up with a joint economic response to the coronavirus crisis unleashed widespread criticism in Italy on Friday, with newspapers slamming Europe's foot dragging.
Economy & Jobs 27-03-2020

Leaders clash over stimulus against pandemic, pass hot potato to Eurogroup

EU leaders on Thursday (26 March) continued to disagree over the economic response to the coronavirus as Northern countries rejected the idea of issuing joint debt, known as "corona bonds", proposed by nine member states to finance the recovery.
Economy & Jobs 26-03-2020

Germans and Dutch set to block EU ‘corona bonds’ at video summit

Germany and the Netherlands will lead opposition to issuing joint bonds to help revive the European Union economy from a deep slump caused by the coronavirus when the bloc's national leaders discuss emergency assistance on Thursday (26 March).
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