“In a crisis of this dimension, each one must do what has to be done [e] what has to be done in this case is something extraordinary, “Angela Merkel said in an interview with six European newspapers published today.” Germany had a low debt rate and could allow itself, in this extraordinary situation, to take on more debt, “he added. .
“As always, what is good for Europe is good for us,” he said.
Angela Merkel and the French President, Emmanuel Macron, presented in May a proposal for a recovery fund of 500 billion euros financed by the issuance of debt by the European Commission, a break with Berlin’s traditional position against the issuance of joint debt.
In the interview with the Spanish La Vanguardia, the British The Guardian, the French Le Monde, the German Süddeutsche Zeitung, the Italian La Stampa and the Polish Polityka, the chancellor argues that the Member States should unite and have special consideration for the countries hardest hit by the pandemic.
“For Italy and Spain, for example, the coronavirus pandemic means a huge burden in economic, medical terms and, of course, because many lives have been lost, emotionally,” he said.
“In these circumstances, the best thing is for Germany not to think only of itself, but to be prepared to be part of an extraordinary act of solidarity,” he added.
Angela Merkel insisted that while the fund “cannot solve all of Europe’s problems”, without it all problems would be worse.
“Europe’s economic health can influence many aspects. Very high unemployment in a country can become politically explosive and thereby increase threats to democracy. For Europe to survive, its economy must survive,” he said.
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