ANALYTICS

14.04.2020 | Rift fears as eurozone bailout fund is sunk
by Ambrose Evans-Pritchard - The Telegraph

The eurozone’s emergency plan to fight Covid-19 has unravelled within days. Italy’s prime minister has rejected the central element of the €540bn (£470bn) package as a “trap”. No Italian leader in the current febrile mood could accept it and survive for long. The country’s parliament would in any case reject the terms. The minimalist array of loans – unwisely sold by Eurogroup finance ministers last week as a historic breakthrough – scarcely moves the macroeconomic needle. “The deal is an admission of European inadequacy,” said professor Adam Tooze, of Columbia University. The plan eschews joint debt issuance and amounts to extra debt foisted on states already at the outer boundaries of debt sustainability, pushing them further into a “bad equilibrium”. The article's full text is available: www.telegraph.co.uk/business/2020/04/14/rift-fears-eurozone-bailout-fund-sunk2/


USERS COMMENTS

Your name
Your email
Header
Your reply
Remained symbols
| | | Add to chosen
Search
Subscribe
Центр миру, конверсії та зовнішньої політики України
Інститут євро-атлантичного співробітництва
Центр "Україна - Європейський вибір"
Defense Express
Центр європейських та трансатлантичних студій

Rambler's Top100 Rambler's Top100


Міжнародний фонд відродження Project is realized with support from The International Міжнародний фонд відродження Project is realized with support from the NATO Information © 2004 - 2020. ЄВРОАТЛАНТИКА.UA
All rights reserved

This project was funded, in part, through Grant the opinions, findings and conclusions or recommendations expressed herein are those of the Author (s) and do not necessarily reflect those of the Department of State.
На головну Анонси подій Новини Аналітика Топ новини та коментарі Мережа експертів Про проект