#Coronabonds

It is in the interest of Germany (and all other "frugal" European countries) to issue European-wide #Coronabonds.The #EU needs to agree on financially and also symbolically strong measures.Without such a

It's a good compromise for now. But the elephant in the room is the recovery fund to kick-start the economy after the crisis. No agreement yet how to finance this

I argue here that Germany gained an important political advantage through the way in which we re-organised the financial structure since the Euro. This exorbitant privilege of issuing the Euroarea

Very pleased to see this piece by @adam_tooze in support for coronabonds and a coalition of the willing and his explanation for why the @ESM_Press is inadequate in the current

🌿🕊Carminda B🕊🌿

carmindabrendel

UN to run out of money by end of month, secretary general warnshttps://www.independent.co.uk/news/world/un-running-out-money-finance-guterres-secretary-general-united-nations-a9148601.html This was at the End of last year .... soooo where did the mon

There's lots of false shadow boxing going on re last night's Eurogroup. To be clear 1) Italy will never accept an ESM program, even if conditionality is light; this will

The biggest geopolitical impact of corona c/d be in Europe. The fight over coronabonds is about the EU getting its act together. Word of a compromise was met w/ cheers.

Matthew Karnitschnig

This commentary is a great illustration of the reductive nature of Germany's coronabond debate and helps explain why the push is going nowhere. (THREAD) 1https://twitter.com/tagesthemen/status/1248607874638479361 The commentator, a correspondent

I think one issue many people overlook re: Dutch intransigence on coronabonds is the role of Brexit in altering NL's position in the EU. The German-Dutch alliance on EMU fiscal

I think today's EU deal is another example of why the "bad equilibrium" view is probably more appropiate to describe the eurozone than either wishful thinking optimism or this annoying

Why's everyone celebrating yesterday's Eurogroup? Yes, there's lots of ambiguity in statement so & can claim a win, but guarantees for SURE are voluntary & while there's no ESM conditions

Daniele Albertazzi

1/ Major Italian parties are sticking to the script concerning the recent agreement reached by EU finance ministers, according to whether they support the govt or not, & also what

What’s at stake at tonight’s Eurogroup meeting (starting at 5pm) to decide the EU/eurozone recovery package in response to the corona-economic crisis - an explanatory LONG THREAD for anyone who

Daniele Albertazzi

Recent agreement btw EU finance ministers explained very well below Short of the meeting countersigning Coronabonds right on the spot, any agreement would have fallen foul of League's ability to

Oliver Mitevski

How’s Europe going to handle the mother of all crisis? The combo Great Depression, 70s Stagflation and 08 subprime? First on the virus front. Italy should have been our only

Nicholas Whithorn

Today, German daily @welt published an opinion piece entitled "Mrs Merkel, stand firm" opposing use of Coronabonds as "in Italy, the mafia is just waiting for more money to rain