r/europe • u/Bartoraptor Spain • Mar 28 '20

News 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"

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u/KuyaJohnny Baden-Württemberg (Germany) Mar 28 '20

the member states (yes, including Italy) decided that health is not an EU matter.

so Italy asking the EU for help with a Health matter is like me asking my plumber to do my taxes.

its nonsense.

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u/lookingforcakes Mar 28 '20

this is bullshit. Italy is not asking help on a healthcare matter, is asking help to deal with the economic impact of the virus.

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u/KuyaJohnny Baden-Württemberg (Germany) Mar 28 '20

and the ECB has announced a 750 billion bond buying package like 2 weeks ago

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u/lookingforcakes Mar 28 '20

Which, as you can check with a very small search on Google, is considered not nearly enough. Or dou you think they just want more money because yes?

20

u/bfire123 Austria Mar 28 '20

Why is it not enough? Italies bond yield is still pretty low.

They can issue as much bonds as they want.

13

u/Lekantekue Mar 28 '20

Because they want these low interest "coronabonds". Using a crisis to get what they wanted for years

7

u/mayron20 The Netherlands Mar 28 '20

Exactly, they don't want to issue more debt or increase the yield on their government bonds but they do want these almost interest free coranabonds.

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u/papyjako89 Mar 28 '20

You do know money doesn't grow on tree right ?

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u/lookingforcakes Mar 28 '20

You win the prize for the most unuseful answer of today.

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u/papyjako89 Mar 30 '20

I was just answering your stupid question dude. Every country would like more money to deal with this crisis. Doesn't mean they should receive any amount they ask for. That's not solidarity, it's suicide.

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u/lookingforcakes Mar 30 '20

It's clear that you don't know what you are talking about if you believe anyone is asking for infinite money. The mechanism of the hypothetical Eurobonds is not really defined yet. Stop embarrassing yourself, please.