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About: http://data.cimple.eu/news-article/f0f9c4e287260ebdbc1d6ce81b0799137e319a5d4430abdb350bd66e Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Dutch Finance Minister Wopke Hoekstra acknowledged Tuesday that the Netherlands and some other EU countries had not expressed much empathy for southern Europe's battle against COVID-19, but still declined to back common bonds. Hoekstra spoke with private broadcaster RTLZ in reference to a meeting of eurozone finance ministers last Thursday where northern countries rejected a request by others for a common bond issuance to help countries like Italy and Spain weather the crisis. "We were not empathetic enough, to the point that it has raised resistance," Hoekstra told RTLZ. "We did not succeed in conveying what it is we want to do," he added. Hard-hit countries including Italy and Spain called for eurozone members to band together in a common bond issue, quickly dubbed "corona bonds". But the Netherlands, Germany and other northern European countries consider the idea an attempt by southern partners to benefit from cheap borrowing rates afforded to states with balanced budgets. Deficit-leery northern countries would rather see emergency funds come from the European Stability Mechanism, which provides loans to countries in financial trouble. The problem for Italy, which has a public debt equivalent to around 130 percent of GDP, is the strings that are attached. Finance officials in Rome and Madrid are also wary of the negative impression that seeking a huge amount of assistance would give. "Our position on corona bonds was firm, but our position on solidarity was not," said Hoekstra. "We want to find a way that is reasonable and sensible," the Dutch minister added without elaborating. Eurozone finance ministers are to meet again on April 7 by videoconference to try and agree on a common economic response to the crisis. jhe/dk/wai
schema:headline	Dutch lacked empathy for southern virus plight: minister
schema:mentions	Videotelephony String instrument Empathy Eurozone Dutch language Government debt Netherlands Spain Madrid Corona Germany Gross domestic product Italy European Union Virus Severe acute respiratory syndrome coronavirus 2 Brickwork Ministry of Finance (Netherlands) Wopke Hoekstra European Stability Mechanism
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-31 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	77 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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