Berlin (dpa) – Despite the agreement of EU finance ministers on an aid program for the Corona crisis, the former President of the European Commission, Jean-Claude Juncker, has come out in favor of ‘joint European bonds.
“It would be a mistake to say goodbye now to the introduction of corona bonds or Eurobonds,” Juncker told “Welt” and the other newspapers of the Leading European Newspaper Alliance (LENA).
The time for corona bonds had not yet come, said the European politician, but added: “The idea of corona bonds will prevail eventually.” The EU must continue to work to achieve this goal “and also make the countries of southern Europe, Italy and Spain, understand that we are doing this”.
EU finance ministers agreed on an aid package on Thursday. It mainly contains three elements: precautionary credit lines from the euro rescue fund ESM, a guarantee fund for business loans from the European Investment Bank and a short-term work program called “Sure”. The controversial issue of corona bonds was initially ruled out on Thursday. Germany in particular is opposed to the “communitarization of debts”.