“It is time to launch the EU pandemic-bonds.” -Luca Visentini ETUC General Secretary 

The ETUC is calling on the Eurogroup to support corona bonds, and the European Commission to postpone its EU economic-policy making Semester. 

“It is time to launch the EU pandemic-bonds” said Luca Visentini, General Secretary of the ETUC. “Europe risks a recession even worse than the one following the financial crisis of 2008-9 and needs to invest in protecting jobs and the economy.”

“The Commission should also postpone the normal timetable of its economic policy-making Semester. Issuing economic recommendations in the middle of the corona virus crisis, especially on the fiscal positions of member states, just does not make sense.

“The recommendation on excessive government deficit in Romania, issued in early March, should be withdrawn.”

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