Nine EU leaders call for joint borrowing in Europe to address Covid-19 impact Mar 26, 2020 0 75 12345 AFPBrusselsNINE EU countries, including France and Spain, on Wednesday called for eurozone countries to jointly issue debt in order to fight the devastating impact of the coronavirus outbreak.The idea of mutualised debt is a frequent request of heavily indebted EU nations and is championed by the European Central Bank, but it is seen as political poison in Germany and other rich northern members.“In particular, we need to work on a common debt instrument... to raise funds on the market on the same basis and to the benefits of all member states,” said the letter, which was also signed by the leaders of Italy, Greece, Ireland, Belgium, Luxembourg, Slovenia and Portugal.France, Spain and Italy have long called for a some kind of eurobond, that is in effect joint borrowing by the 19 members of the euro single currency. They say it could serve as the bedrock of a safer and more unified European economy and would become a globally respected asset on par with the US Treasury bills that help make the dollar the world’s reference currency.The leaders’ request came after France backed Italy’s demand for something called a “corona bond”, an idea that Germany and the Netherlands have said is not necessary and have rejected. German Economy Minister Peter Altmaier on Tuesday angrily lashed out at such ideas as “ideological” and inappropriate for the problem at hand. RELATED ARTICLES Prince Charles tests positive for coronavirus Mar 26, 2020 0 717 Spain’s COVID-19 death toll surpasses China’s Mar 26, 2020 0 87 Vienna funerals go online amid coronavirus fears Mar 26, 2020 0 75 German MPs tear up fiscal rule book, pass huge coronavirus aid budget BERLIN: German lawmakers approved on Wednesday an emergency budget financing a coronavirus aid package that foresees 156 billion euros (167 billion dollars) in new debt, in a historic move that flouts the country’s .. French town removes public benches to curb virus spread LILLE: A town in northern France is dismantling dozens of public benches which are still attracting users despite a nationwide ban on all non-essential excursions from the home to curb coronavirus spread. “When even .. Italy mayor pledges to use drones and dirty words to enforce lockdown ROME: An Italian mayor has pledged to use drones to shout profanities at people ignoring stay-at-home rules for the containment of the coronavirus outbreak. “I can’t wait for it ... drones everywhere,” Cateno De Luca, .. White House, Senate reach deal on $2 trillion coronavirus rescue plan AFP Washington THE White House and Senate have reached agreement on a $2 trillion stimulus package for the US economy and millions of Americans ravaged by the coronavirus crisis, top lawmakers said early Wednesday. “At .. Pompeo says G7 agrees China spreading virus ‘disinformation’ AFP Washington US Secretary of State Mike Pompeo said Group of Seven foreign ministers agreed with him in talks on Wednesday that China was waging a “disinformation” campaign about the coronavirus pandemic. The top .. EU leaders voice solidarity with virus-hit Spain BRUSSELS: The leaders of EU institutions on Wednesday expressed solidarity with Spain as it struggles with an escalating coronavirus emergency. “I want you to know that we are working tirelessly to help you -- you are not ..