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Coronavirus: ECB, yes to coronabonds. Gentiloni: overcome stall, Germany will understand

2020-03-30T07:54:31.371Z


ECB vice-president: 'Crisis other than 2008' (ANSA)


"I am in favor of the coronabonds." The ECB vice-president, Luis de Guindos, said on Spanish radio Cope, stressing that "this is a pandemic that will affect everyone". The vice president of the ECB then explained that this crisis, triggered by the coronavirus, "is completely different from those of 2008-2009-2010".

Gentiloni, inadequate EU divisions, Germany will understand - The discussion between the EU states "is legitimate but it is not adequate for the phase we are experiencing because it does not provide solutions. I think that every effort should be made to ensure that the stalemate is overcome", with the be careful not to underestimate the decisions that the ECB has made: the commissioner for economic affairs Paolo Gentiloni said in the radio broadcast Circo Massimo. "I believe that we still have to bet that in the end, especially from Germany, we will come to an understanding of the new situation," he added.

"The Mes is not the Specter, it is a shared tool, the discussion is on conditionalities", and there is talk of lightening them but "I am not very optimistic about this either, so better move the discussion on which objectives to finance and then decide how".

"We cannot do it alone, as no country can. Stronger and weaker countries are united by the fact that the level of integration has given a dimension of guarantees but also an export capacity to our system of companies that nobody can afford. to lose ": Commissioner for Economic Affairs Paolo Gentiloni said in the radio broadcast Circo Massimo, answering the question of whether Italy could face the crisis on its own. "I think that we must be proud of what Italy is doing. We must not forget that we have been forced to act as a forerunner not only in the health but also in the economic field and that we have taken decisions that are followed by the majority of western states. We have reacted in an exemplary way "said Gentiloni.

Source: ansa

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