The Netherlands needs euro bonds
just like Italy does to cushion the economic impact of the
coronavirus, Premier Giuseppe Conte told Dutch daily De
Telegraaf Wednesday.
Italy and Spain are arguing in favour of so-called
'coronabonds' but Germany, Netherlands and Finland have ruled
them out saying the European Stability Mechanism (ESM) can be
used, an option Italy has rejected.
Conte told De Telegraaf that "Italy is not asking the Dutch
citizens to pay for Italian debt. We are not asking for an euro
from Dutch taxpayers. Europe must act in a solidarity-based and
effective way, because it is unthinkable that some people may
benefit from this crisis.
"The European recovery bonds are the best way to respond,
also for Dutch citizens. They, too, need guarantees. The
recession will hit almost everywhere".
Conte added that the EU response must come immediately "or
else the patient will die".
"Extraordinary instruments are needed, but they will be
useless if they come too late".
ALL RIGHTS RESERVED © Copyright ANSA
