October 30, 2020

Merkel discards the “coronabonos” and bets to look for tools within the current treaties




German Chancellor Angela Merkel has urged this Monday to seek Community mechanisms to help the countries of the European Union (EU) most affected by the pandemic within the current treaties, thus implicitly discarding options such as the implementation of the so-called «coronabonos».

Merkel added at a press conference that any solution that “is not within the treaties” would imply drafting of a new Community text that would take ‘two or three years’, when the aid is needed immediately.

The chancellor stressed, however, that “Germany wants to be and will be in solidarity” In these moments of crisis, at the same time he added: “It almost hurts me to have to repeat it.”


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