European Economic Affairs
Commissioner Paolo Gentiloni said Monday that the EU issuing
bonds "generically to mutualize debt will never be accepted"
while the European Central bank's No.2 said he was in favour of
the so-called 'coronabonds' advocated by Italy.
Gentiloni said issuing such bonds, however, could be
"targeted onto a mission, which could be to address the health
emergency, create a new guarantee instrument for unemployment
and a plan to support firms."
He told Italian radio that "EU divisions are not fitting, and
Germany will understand".
ECB Vice President Luis de Guindos, for his part, told
Spanish radio: "I'm in favour of coronabonds".
He said "it is a pandemic that will have repercussions on
everyone" an said the crisis "is completely different from those
in 2008-09-10".
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