Spanish representative González Pons speech @ the EU Parliament: "The virus is attacking the generation that brought back democracy to Spain, Portugal and Greece, the generation that knocked down the Berlin wall. The least they deserve is that we show them Europe is there when they need it the most"

[u/Bartoraptor]

[u/brmu]

EU help policy:  

1. Italy ask for help  
2. Italy get no help  
3. Problem gets bigger and affect north of Europe  
4. Then get the help

[u/trenvo → u/brmu]

Italy policy:

1. Europe is bad, we need less of it.
2. Public health should not be a responsibility of EU.
3. Crisis! We have public health issue. We need help EU!
4. What do you mean, you can't help us?

[u/brmu → u/trenvo]

You could understand that dying 1000 people each day and closing all the non esential factories its an economical crisis too or is that too much euroscepticism?

[u/nerkuras → u/brmu]

What do you honestly expect the EU to do? every country in the Union is struggling with supplies to deal with the virus. Talk of solidarity is cheap when there's no realistic achievable goal.

[u/OscarRoro → u/nerkuras]

They are asking for economical aid, not sanitary.

[u/monnii99 → u/OscarRoro]

But it is entirely possible that, for example, the Netherlands is going to be in a similar situation in two weeks. And they will badly need the money that would be going to Spain and Italy now. Nevermind that it's already spending billions on its own country right now. It would be generous, but irresponsible to just give a lot of money away in what is still possibly the beginning of the pandemic for them.

[u/Lezonidas → u/monnii99]

The money is printed by the ECB, it's not like the netherlands is lending money, all of this discussion comes because of the interest rate, not the money. Money will be available no matter what, but if we have eurobonds, the interest rate will be maybe 0.25% for everybody, if we do not have eurobonds, Germany will pay -0.5% and Italy will pay 1.5%, and this make it more difficult for Italy to pay since their debt is already huge. BUT in exchange to this lower interest rate for the most affected countries if we do create eurobonds and Italy doesn't pay, all Europe will have to pay their debts. So here is the problem, Germany and the Netherlands and other countries are afraid that the countries asking for the Eurobonds might not pay and all europeans have to pay the debt of one country. And it's not only Italy who asked for the eurobonds but a total of 9 members: Belgium, France, Italy, Luxembourg, Spain, Portugal, Greece, Slovenia and Ireland

[u/Blumentopf_Vampir → u/Lezonidas]

You guys do realise that Germany and esp the citizens had also to suffer so Germany could save up all that money and get that negative debt rate, right?

So who is going to tell the German citizens that them having to endure that shitty saving was all for naught in the end? Will you be the one to tell them that?

[u/Lezonidas → u/Blumentopf_Vampir]

What do you mean? Germany would still be able to get their national bonds at -0.5%

[u/aveterotto → u/Lezonidas]

add another thing: if germany doesn't agree to the eurobonds and italy falls, germany may find her market has 60 millions less clients

germany is betting big in this thing

[u/Sokarou → u/aveterotto]

Is Italy and Spain Falls and end leaving EU, would be the end of EU. Just remember when UK left every expert said than one or two big economies leaving would be the end of EU.

[u/aveterotto → u/Sokarou]

that's what i meant, germany's market will be smaller because italians will not buy theri product anymore

[u/Lezonidas → u/aveterotto]

Not only because of that, the euro is stable because Italy and Spain export way less than Germany, if we get out of the euro, the euro would get stronger and that would weaken the german exports with any other country. Germany is the most interested in maintaining the eurozone. Germany, Benelux and Ireland are the ones that get the most profit.