China News Service, April 26, according to the European Union quoted the European Union News Agency, on the 25th local time, Italian Minister of Foreign Affairs and International Cooperation Di Maio said that in order to resume market operations and save the economy, it must be treated with a pragmatic attitude European stability mechanism (ESM), and strive to avoid risks.
On April 24 local time, workers at a beach club in Italy wore masks and gloves to prepare for the reopening of the resort. Italian Prime Minister Conte said that starting on May 4, the country will officially enter the second stage of anti-epidemic and restart the national economy.
According to reports, in early April, Italian Prime Minister Conte frequently called for joint issuance of EU common bonds to weather the economic crisis caused by the epidemic, but some EU countries hope to use the existing European stability mechanism. In this regard, the Italian ruling party Five Star Movement Party has stated that the additional conditions of the European stability mechanism are too harsh, and once used, it will pay a great price.
On this issue, Di Maio said that the European stability mechanism should be treated with a pragmatic attitude. He also pointed out that many voices in the EU that opposed the Italian proposal disturbed him.
The European Stability Mechanism, which came into effect in 2012, is a permanent rescue mechanism established by the European Union after the outbreak of the debt crisis. It can rescue European problem banks and crisis-ridden EU countries. The maximum loan size is 500 billion euros.
It is reported that EU leaders have unanimously agreed to the principles of the New Crown Outbreak Economic Recovery Fund. Although the 27 leaders did not reach a critical decision on the economic rescue plan, but for the economic recovery after the new crown epidemic, the leaders agreed to sacrifice 1 trillion euros in emergency funds. Italian Prime Minister Conte said that the summit has made tremendous progress. (Yang Xianwei)