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A new Marshall plan? MEPs discussion coronavirus response

Only a portion of these 705 MEPs exist in Brussels to get one day of this plenary: and just 1 subject of disagreement: that the COVID-19 coronavirus pandemic.

The European Commission president, wearing gloves, said EU leaders must find out from the solidarity exhibited between acquaintances.

“If there’s something which is more infectious than this particular virus, it’s compassion and love”, von der Leyen explained.

“And in the face of hardship, the people of Europe are revealing how powerful that could be: from luxury perfumers and vodka manufacturers making sanitizing gel into carmakers and style homes generating masks”.

Votes Will Occur through email on steps involving:

The center-left is calling for daring measures, like the so-called”corona bonds”, however, the notion of shared debt issuance isn’t gaining traction throughout the political spectrum.

“We request a new Marshall Plan of to get a frequent investment program, financed with a frequent debt tool that would consider the issuing of Eurobonds, the activation of this European Stability Mechanism with a particular credit line without further macroeconomic steps,” the Spanish MEP Javier Moreno Sanchez, together with the Socialists & Democrats.

“Pragmatism very first,” contended Derk Jan Eppink, a Dutch MEP for its ECR celebration.

“Firms and individuals desperately require cash. The ideal way to move is to advocate national central banks to give credit at zero interest rates. Bonds visit banks, but we want credit to proceed directly to companies and citizens”.

This isn’t the last barrier: all steps will also want the seal of acceptance of EU leaders.