EU economy chief Dombrovskis also slapped down the idea from the French and Italian commissioners.
- Germany pushes back on joint-debt plan as EU’s energy fight deepens EU economy chief Dombrovskis also slapped down the idea from the French and Italian commissioners.
- In response to the aid announcement, the French and Italian commissioners in Brussels, Thierry Breton and Paolo Gentiloni, have made a call for greater European financial solidarity, involving some financial support measures jointly backed by the EU.
- He was referring to the EU's scheme under which the Commission borrowed on cheap terms thanks to its triple AAA rating, and lent €100 billion to EU countries to back up their short-term work support programs.
- France’s Bruno Le Maire also asked for a repeat of the SURE program: “I’m talking about the possibility at the national level to raise debt but with the support and the guarantee of all European member states, which means that you could borrow money at the lowest price,” he told Bloomberg television Tuesday.
- “This crisis is very different from the corona pandemic.
- We are dealing with a supply shock, and we have to respond to that by expanding supply and by acting together in the international markets,” Lindner added.
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