Eurobond

Germany's rejection of a Eurobond for bankrolling the fight against the spreading coronavirus pandemic is "not at all categorical," the country's ambassador to Athens, Ernst Reichel, told Kathimerini in a written interview, leaving some hope of consensus in the future.

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.

An agreement between European Union governments and a decision to issue joint Eurobonds, or "corona bonds" as they have been dubbed by the press, are not as straightforward as journalists, pundits and governments campaigning in their favor would have it.

Nine European Union countries, including Greece, have requested in a letter to European Council President Charles Michel that the bloc issues a Eurobond to combat the economic impact of the coronavirus pandemic.

Leaders of nine EU countries including France, Italy and Spain called on the bloc to agree on a "common debt instrument" to raise funds to support the health industry in combating the coronavirus, as well as the broader economies, according to a letter seen by Reuters.