Can ‘coronabonds’ help the European economy get back on its feet?
FRANKFURT - Italian Prime Minister Guiseppe Conte has repeated calls for the European Union to issue common euro zone bonds to demonstrate the bloc’s solidarity in tackling the coronavirus crisis.
Germany, Europe’s biggest economy, flanked by the Netherlands, has said it does not consider common euro zone bonds the right way to support health spending and economic rescue packages in the 19-nation euro currency bloc. It was unclear whether ESM assistance - where Italy stood to get access to possibly between 35 and 37 billion euros - would come without strings, Conte was quoted as saying.
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