About: http://data.cimple.eu/news-article/d094fb63c7e2569655a9d999c74005d2423c87823916880dd4164a57

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

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rdf:type	schema:NewsArticle
schema:articleBody	Germany remains opposed to the idea of so-called "corona bonds" that would pool the debt of the 19 eurozone countries in response to the coronavirus crisis, Chancellor Angela Merkel said Thursday. Speaking after a video conference with other EU leaders, Merkel rejected the proposal backed by countries including France and Italy. "From the German side and from other sides, we said that this was not the view of all member states," Merkel said, adding that the existing European Stability Mechanism (ESM) was her "preferred instrument". "With the ESM, I think we have a crisis instrument which opens up a lot of possibilities, and which does not call into question the basic principles of joint but also individually responsible action," she added. She admitted that EU leaders had discussed "whether the ESM contains enough possibilities, and how strong and quick our answer must be". The existing ESM bailout fund is unpopular in southern European countries such as Italy, as it effectively makes financial aid conditional on economic restructuring. In a letter addressed to the President of the European Council Charles Michel on Wednesday, the leaders of nine countries including France's Emmanuel Macron and Italy's Giuseppe Conte called for the issuance of European "corona bonds" to fight the coronavirus crisis. Other countries such as Germany and the Netherlands have repeatedly dismissed the idea as an attempt by over-spending southerners to take advantage of the cheap borrowing rates enjoyed by states with balanced budgets. kih/dl
schema:headline	Merkel says Germany opposes 'coronabonds' in virus crisis
schema:mentions	European Council Kingdom of Italy Member state of the European Union Eurozone Bailout Giuseppe Conte President of France Angela Merkel Netherlands Corona Germany Emmanuel Macron Virus Coronavirus European Stability Mechanism Charles Michel French Third Republic
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	93 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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