German envoy says Eurobond debate still open

In an interview with Kathimerini, Germany's Ambassador to Greece Ernst Reichel has indicated that the prospect of a Eurobond being issued to combat the economic impact of the coronavirus pandemic is still open despite the failure of European Union leaders to reach an agreement on the subject at a summit last week.

The rejection of the Eurobond idea was "not at all categorical," Reichel said in a written response to questions from Kathimerini, referring to the refusal by a group of Northern European countries including Germany and the Netherlands of a proposal by nine EU member-states including Greece. Several issues were discussed at last week's summit, including the possible duration of such a measure, though unfortunately no agreement was reached, he said. "The discussion continues however," he said. "At the European Council there is a consensus to do everything possible...

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