Article by Foreign Minister @HeikoMaas & Finance Minister @OlafScholz today in @LesEchos 🇫🇷, @LaStampa 🇮🇹, @elpais_espana 🇪🇸, @Publico 🇵🇹 & @ta_nea 🇬🇷: “A response to the corona crisis in Europe based on solidarity”. diplo.de/2330904 #COVID19 #WeStandTogether [1/6]
“Europe’s founders knew that European solidarity is not a one-way street, but a life insurance policy for our continent. We must act in this historic crisis with this in mind. Germany is willing to do that.” @HeikoMaas @OlafScholz [2/6]
“We therefore propose that eurozone countries should be allowed to use ESM money to fight the coronavirus. We don’t need a troika, inspectors & a reform programme for each country drawn up by the Commission. What we need is quick and targeted relief.” @HeikoMaas @OlafScholz [3/6]
“Above and beyond that, we are proposing a pan-European guarantee fund to secure loans. In this way, the European Investment Bank (EIB) would ensure liquidity for small and medium-sized enterprises in the EU countries.” @HeikoMaas @OlafScholz [4/6]
“And the SURE project will financially support EU member states who want to help companies hold on to their staff through the downturn caused by the pandemic using methods like Germany’s well-established short-time work scheme.” @HeikoMaas @OlafScholz [5/6]
“Finally, once the crisis is over, the aim will be to get Europe’s economy back on the path to growth and recovery. All of us, including Germany, will take this into account in the negotiations on the EU budget for the next seven years.” @HeikoMaas @OlafScholz [6/6]
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