About: http://data.cimple.eu/news-article/63e01e8619d08e9be41e48e6d216bcbaf7ec35578a58ec63e6ad2c93     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • European Commission chief Ursula von der Leyen told Italy on Thursday that European nations were ready to help it deal with the coronavirus after initially focusing on "their own home problems". But the EU leader stopped short of agreeing to Rome's request for the bloc to start issuing joint debt -- dubbed "coronabonds" -- that could let countries such as Italy address the crisis more cheaply. "Today Europe is mobilising alongside Italy. Unfortunately, this has not always been the case," von der Leyen wrote in Italy's La Repubblica newspaper. "It must be recognised that in the early days of the crisis, in the face of the need for a common European response, too many have thought only of their own home problems." Von der Leyen's letter opened with an apology but ended with a list of the various ways the EU was already helping Italy deal with the economic consequences of its three-week lockdown. Italy has extended its closure of businesses and ban on public gatherings until April 13 to help stem infections that have already claimed a world-leading 13,155 lives. Von der Leyen said the EU "will allocate up to 100 billion euros ($1.1 billion) to the hardest hit countries, starting from Italy, to compensate for the reduction in the wages of those working on shorter hours." She said the newly agreed initiative provides "loans guaranteed by all member states -- thus demonstrating European solidarity". Von der Leyen concluded by proposing that "every euro still available in the EU's annual budget be spent on tackling the crisis". "In the past month, the European Commission has left no stone unturned to help Italy," she wrote. Spain and France -- two fellow high-spending nations with rapidly climbing COVID-19 tolls -- have backed Italy's plea for the new common debt instrument. But more spendthrift states such as Germany and the Netherlands oppose the idea. Common debt instruments can theoretically dilute risk and lower the borrowing costs of indebted countries while slightly raising those of nations spending within their means. EU leaders failed to find a common response last week and gave their finance ministers until next Thursday to draft a new strategy. Prime Minister Giuseppe Conte said this week that Italy could agree to tap the European Union's emergency war chest, the EMS, if its accompanying strict spending rules were dropped. "If we are a union, now is the time to prove it," Conte wrote in Germany's weekly Die Zeit. zak/gd
schema:headline
  • EU chief apologises to Italy but baulks at 'coronabonds'
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software