Italy is working on a "concrete"
proposal for Euro bonds to help offset the economic impact of
the coronavirus, or 'coronabonds', Economy Minister Roberto
Gualtieri told the House on Wednesday.
Gualtieri welcomed the European Commission's "proposal to
issue common bonds to support the unemployment subsidies of
member States" during the crisis.
He said this was an "innovation that Italy has backed for
some time" and called it a "first step" in an EU response to the
crisis.
The EC has already waived the Stability Pact's 3% budget
restrictions and a ban on State aid to enable all necessary
crisis spending, while the European Central Bank is pumping 750
billion euros of liquidity into the eurozone economy through a
massive bond buying programme.
On Wednesday the EC launched its new unemployment easement
programme, called SURE.
ALL RIGHTS RESERVED © Copyright ANSA
