The Eurogroup is trying to find a compromise between Italy, France and Spain, on the one hand, who want ‚coronabonds‘, and northern deficit hawks like the Netherlands, Denmark and Finland who advocate the use of the European Stability Mechanism (ESM), rejecting any mutualizing of debt.
Conte said anybody who thinks they can force Italy to accept disciplinary terms as a condition for loans – a sort of „Troika“ regime – have gravely misjudged the mood of his nation. Italy will not take the money. “We will do it alone,” he said.
The message is that if there is no EU solidarity when it matters, then it no longer makes sense for Italy to accept EU surveillance and constraints, or for Italy to forgo use of its own sovereign policy instruments in self-defence.
Italy was irked after an EU summit rejected the idea of ‚coronabonds‘ to fund measures to offset the economic impact of the coronavirus
Article by Heiko Maas, Federal Minister of Foreign Affairs, and Olaf Scholz, Federal Minister of Finance, on the corona crisis in Europe. Published April 6th, 2020, in different language versions in Les Echos (France), La Stampa (Italy), El País (Spain), Público (Portugal) and Ta Nea (Greece).
Masks that used to cost pennies now cost several dollars. Companies outside the traditional supply chain offer wildly varying levels of price and quality. Health authorities say they have few other choices to meet their needs in a ‘dog-eat-dog’ battle.
The letter was signed by Spain, France, Portugal, Slovenia, Greece, Ireland, Belgium, Luxembourg and Italy, the Italian premier’s office at Palazzo Chigi said.
European Union leaders failed to agree on Thursday on the scale of support for their economies battered by the coronavirus, but gave themselves two more weeks to work out details in a dispute between the ailing south and the fiscally conservative north.
Highlighting how the pandemic is testing the bloc’s cohesion, Germany and the Netherlands blocked a call from Italy, Spain and France to issue joint debt to help finance a recovery.
Germany, for example, caused outrage in Austria and Switzerland by stopping shipments of face masks to its neighbors. Several states have export restrictions, usually hidden in impenetrable legalese, on medical equipment from goggles to gloves and ventilators. Italy, in particular, feels let down. When it first tried to invoke an EU mechanism to share medical supplies, no member state helped. Ironically, only China sent equipment.
Italy requested doctors from China, Cuba, and Venezuela to contain the coronavirus, while Cuba rescued a ship of British citizens. Meanwhile, US sanctions worsen the toll of the Covid-19 crisis in Iran and Venezuela.
Diplomats from the British Foreign Office had urged US officials to allow the ship to dock on American soil but were met with obstacles. Cuban officials instead accepted the request, stating that there must be “a shared effort to confront and stop the spread of the pandemic”. After all, these are still humans suffering, regardless of the passport they hold.
Cuba itself has only had five confirmed cases of Covid-19, and the ship docking could threaten to increase that number exponentially.
This is the first year, according to the organizers, that they are seeking contributions from the public at large to fund the event, since no movement or non-profit group has agreed to sponsor.
The results of Israel’s April elections were a wake-up call for both Jewish-Israeli left-wingers and Arab citizens of Israel. More than ever before, they have come to depend on each other. The equation is simple: both want to regain power; and neither can do it alone.
All political strategists say that in order to survive, both the left and Arabs need to create some political structure that can empower both.
internal elections in the Islamic Party placed a woman in 4th. Thank you @emankassem
The formation of the joint ticket has been delayed by disagreements over who should occupy the 11th through 14th slots on the slate (Jack Khoury, Monday). But if they can’t bridge these gaps and reunite as the Joint List, those slots are likely to be irrelevant in any case.
Strengthening Arab representation in the legislature and toppling the government are necessary conditions for fighting the Netanyahu-led coalition that passed the nation-state law. This isn’t the time for unnecessary quarrels or disputes that can be resolved after the election. The Israeli voter rewards political mergers. The Joint List must be promptly reconstituted.
There is only one reason behind all of this: A lack of agreement over who will get the 11th through 14th places on the Knesset slate