Share

March 30, 2020 "We have already taken significant steps. Now the question is how to support the credit and for this there is the MES": the spokesman of the German finance ministry, Dennis Kolberg, reiterated at a press conference in Berlin, responding to who asked if the German government does not intend to make openings and examine other instruments beyond the Mes in the near future.

The German government insists that the European Stability Mechanism (Mes), the eurozone bailout fund, has adequate "tools" to deal with the economic consequences of the coronavirus pandemic.

"He has the tools we can work with," said executive spokesman Steffen Seibert, to those who asked him if Berlin is considering the feasibility of other mechanisms such as the use of so-called 'coronabonds', required by nine EU countries. European (in addition to Italy, Spain, France, Belgium, Portugal, Ireland, Greece, Slovenia and Luxembourg).

And stressing that the solidarity of the Berlin government is manifested "in other ways", he cited the contribution of the German army to the transfer of Covid-19 patients from Italy and France to German healthcare facilities from Italy and France. Seibert reiterated that the conclusions of the European Council, held via video among EU leaders last week, entrusted the finance ministers with the task of deciding how to activate the Mes instruments.

"The ministers' work is going very well," assured Seibert, commenting on the chances that the 'coronabond' debate will continue in the coming weeks or months.