Tue. Apr 7th, 2020

Kurz affirms that the ESM is the correct instrument to help economies


Federal Chancellor Conservative Sebastian Kurz said after the telematic summit of European leaders that the European Stability Mechanism (ESM) is the “right instrument” to help economies and stabilize markets in the COVID-19 crisis.

“It is crucial that we demonstrate determination by taking strict measures and that we cooperate closely within the EU to contain the expansion of COVID-19,” Kurz wrote on Twitter.

Austria is, along with Germany, the Netherlands and Finland, one of the countries that reject the issue of coronabonus, which they describe as “collectivization of debt” at the European level.

On the other hand, Kurz stressed today that the EU should include in its program of purchasing medical equipment against the pandemic the countries of the Western Balkans that are not yet part of the community club.

Some countries in that area, with Serbia at the helm, have criticized in recent weeks the lack of cooperation and community solidarity to fight the virus.

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