European Union leaders are expected to clash over the size and scope of a coronavirus recovery fund as they stand on the precipice of an economic slump unparalleled since the 1930’s Great Depression.
He also accused the opposition centre-right of „lying by saying that we will use the ESM“ adding „they weaken Italy in Europe“.
„We won’t activate the ESM and I won’t sign up to any proposal that is not ambitious,“ he said.
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).
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.
The European Commission said in a statement that some traders at the banks exchanged commercially sensitive information and coordinated trading strategies on the euro-denominated bonds, mainly through online chatrooms.
Turkey’s President Recep Tayyip Erdogan has spoken about the primary objectives during the first 100 days of his new administration. Speaking of western financial speculation against the Turkish Lira, Erdogan reiterated that the country is “facing an economic war, but we will win it”.
(2.7.2018) During the G20 Meeting of Finance Ministers and Central Bank Governors in March, Storchak said that the ministry was considering the possibility of issuing Eurobonds in euro and yuan.
What we showed last month, is that contrary to some speculation, it wasn’t Beijing, because after shedding a modest $6BN in April, China actually bought $1.2BN in Treasurys in May, leaving its holdings largely unchanged over the past month.
The unusually rapid selloff of U.S. bonds — which many analysts are attributing to rising U.S.-Russia tensions and in particular, U.S. sanctions imposed on Russian billionaires this year — caused Russia to fall below the $30 billion threshold for being included on the Treasury’s list of its „major bondholders.“
Russia owned as much as $176 billion in U.S. debt in 2010, according to Treasury figures,
5-Star Movement (M5S) leader Luigi Di Maio said Tuesday that the rise in Italy’s bond spread since the effort to form an M5S-League government collapsed showed that the problems lie elsewhere.
Tatsächlich verliert mit dem Euro nationale Souveränität an Boden, ohne dass Terrain für eine neue europäische Souveränität gewonnen würde. Rasch findet deshalb ein Narrativ Zuspruch, das bis heute von der deutschen Rechten (sie reicht vom Seeheimer Kreis der SPD bis zur AfD), aber auch nationalistischen Linken gepflegt wird: Die Währungspartner wollen uns ans Portemonnaie und können das, weil es den Euro gibt. Es ist das gleiche Lied wie beim innerdeutschen Finanzausgleich: Wir Bayern wollen nicht für die faulen Nordlichter, wir Deutschen nicht für Epikureer und Verschwender im Süden Europas aufkommen.