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The Hague renews its opposition to the issuance of "Corona Bonds"



The Hague: Dutch Prime Minister Mark Roti on Friday renewed his opposition to the "Corona Bonds" (Corona Bonds) issuance project, which is especially advocated by the leaders of France and Italy in the context of efforts to combat the spread of the emerging Corona virus.

Roti said during a weekly press conference that "issuing Eurobonds means crossing the border towards (...) participating in debts, and we do not want that."

He expressed reservations about the announcement by the European Central Bank, which abandoned its self-imposed ceiling for the purchase of bonds in the markets, before launching a large wave of these operations to address the economic repercussions of the emerging Corona virus.

"There are limits to this type of measure by the European Central Bank, as they are not without risks," Roti said.

Roti was asked about the remarks of his Portuguese counterpart, Antonio Costa, who on Thursday criticized the Netherlands for its "shameful" and "despicable" attitude, preferring "not to comment" saying, "This is of no use."

The Portuguese prime minister was commenting on the position of the Dutch Finance Minister Vobke Hoekstra, who believed that the European Commission should open an investigation to find out why some member states do not have a margin in their budgets that allows them to deal with the crisis.

The leaders of nine European countries, including Antonio Costa, called on Wednesday to create "Corona Bonds" that would provide a huge fund that would allow facing the exceptional health crisis that is rocking the European Union.

Southern European countries that suffer from high indebtedness, such as Portugal, demand the sharing of debts between the countries of the Union.

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