About: http://data.cimple.eu/news-article/fbde310ce3eea7c76ee11dfd1a5ca5a8c6d005c5447f591de5bc4de8     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
  • Two European Commissioners urged Germany on Monday to agree to the European Union issuing joint debt to fight the coronavirus crisis, as wealthy northern nations remain reluctant to back so-called coronabonds. "Like the European Central Bank in the monetary and financial sphere, the member states must now prove their joint decisive and innovative spirit," internal market commissioner Thierry Breton and economy commissioner Paolo Gentiloni wrote in the Frankfurter Allgemeine Zeitung (FAZ) daily. That could take the shape of "a European fund whose explicit function would make possible issuing long-term bonds," Breton and Gentiloni suggested. "Strictly limited to collective investments for industrial revitalisation in the context of the current crisis," the instrument would be proof of "unshakeable solidarity" among EU nations, they argued. A group of states including southern European heavyweights Italy, France and Spain have been imploring northerners like Germany, Austria and the Netherlands for common debt facilities to cushion the economic impact of the virus. But conservative politicians in the north fear the plans would mean the eventual mutualisation of all sovereign debts and their taxpayers footing the bill for supposed southern profligacy. Finance ministers from the 19 euro single currency member states will meet Tuesday to again seek a solution to the deadlock. Germany's Olaf Scholz on Friday proposed a three-pronged scheme including cheap loans from the financial crisis-era European Stability Mechanism (ESM), cash from the European Investment Bank and an EU-wide unemployment reinsurance scheme, skirting the issue of joint debt. And EU Commission President Ursula von der Leyen on Friday promised a post-crisis "Marshall Plan" for the bloc funded through its existing joint budget, whose next seven-year period runs from 2021-27. Responding to Scholz's plans, Breton and Gentiloni argued Monday that a "fourth pillar" of financial aid would be needed to master the crisis, "given the size of the sums involved". Also in the FAZ and France's Le Figaro Monday, Bundestag (German parliament) president Wolfgang Schaeuble and his French counterpart Richard Ferrand called for "more solidarity and fiscal integration" in Europe. jpl/tgb/hmn/rl
schema:headline
  • European commissioners prod Germany over 'coronabonds'
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
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, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software