To have significant funds facing the health crisis caused by the coronavirus, the leaders of nine European countries, including the French Emmanuel Macron and the Italian Giuseppe Conte, called, on Wednesday, for the creation of corona bonds.
"We must work on a common debt instrument issued by a European institution to raise funds on the market (...) for the benefit of all member states (...) to deal with the damage caused by the coronavirus," wrote these leaders. , in a letter to the President of the European Council Charles Michel on Wednesday.
Pooling frequently requested by indebted countries
This letter, addressed to the President of the European Council, Charles Michel, on the eve of the European Summit by videoconference dedicated essentially to the fight against the coronavirus, is also signed by the Heads of State and Government of Spain, Greece, Ireland , Belgium, Luxembourg, Slovenia and Portugal.
Pooling the debts of European countries is frequently requested by particularly indebted countries in southern Europe, such as Italy, but it is rejected by the northern countries. The latter, like Germany and the Netherlands, more virtuous in budgetary matters, have always observed with distrust the southern states, which they consider more lax, especially since the debt crisis in the euro zone.
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