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Joint German-Italian appeal: European Solidarity Now!

  • April 12, 2020

Joint German-Italian appeal to the governments of all Member States and to EU institutions: EUROPEAN SOLIDARITY NOW!
The petition is supported across party lines (including Elmar Brok/CDU, Sven Giegold/Greens, Hans Eichel/SPD) and by economists of different currents (including Marcel Fratzscher/DIW, Peter Bofinger/Uni Würzburg, Gabriel Felbermayr/IfW).
Key actions of the petition are:
1. We need a comprehensive financial shield for Europe and the euro area.
2. We support the immediate opening of a health credit line in the European Stability Mechanism, with focused conditions to ensure that credits are used for well-defined categories of health-related programmes, without any additional conditionality.
3) We support the issuance of European Health Bonds with a clear and defined common objective and subject to jointly agreed guidelines. This would allow shouldering of the burden together, in a democratic way.
4) We are committed to a coordinated exit strategy, a comprehensive recovery plan, and unprecedented investment.
“This is not the time to let ourselves be divided. This is the time to stand united and fight for a common, better future.”
You can find the petition and the list of signatories here.

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„A continent that knows its strengths will have the ability to shape its own destiny and find innovative, creative solutions to the coming challenges in the future as well.“

Dr. Ingrid Hengster
Member of the Managing Board of KfW

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