To the European Council, the Council of Economics and Finance Ministers of the EU and the European Commission.
We call on you to support coronabonds so all EU countries have equal access to borrowing to help support us and our livelihoods through the recession.
Why is this important?
Millions in Spain, Italy, and across Europe have already fallen below the poverty line. Many more will soon follow.
To prop up an economy destroyed by the virus, governments will have to spend billions - which they’ll have to borrow. But access to borrowing is not equal for all: countries who face high interest rates won’t be able to afford borrowing, and will have to abandon millions of people in devastating economic situations.
Nine countries, including France, Italy and Spain are proposing a solution: coronabonds. Basically, pooling the debt of EU countries together, to reduce the difference in interest rates each country pays on their national debt - so that everyone can borrow. But four leaders are against the idea, including Prime Ministers Rutte in the Netherlands and Merkel in Germany. 
Across Europe states and people are all facing losses of life, jobs and income but some communities have been more affected by the coronavirus than others.
Those most affected have seen their healthcare systems stretched beyond their limits, and have been forced to stop all economic activity in order to save lives. It’s not a coincidence the most affected communities are also those where austerity was more savagely applied in the recent past - following the demands from our governments.
In these circumstances, borrowing to save lives and livelihoods is the only option. We need to make it possible. Coronabonds are the solution.
- Belgium, France, Italy, Luxembourg, Spain, Portugal, Greece, Slovenia and Ireland are in favour of coronabonds, whereas Germany, the Netherlands, Austria and Finland are against. https://www.politico.eu/article/virtual-summit-real-acrimony-eu-leaders-clash-over-corona-bonds/
In partnership with:
Please can you chip in?
To stay independent, we are very careful about who we accept money from - but impactful campaigns need funding, so we need your help!
Can you donate just a few euros a month to help our community continue working for European solidarity?
Other ways of giving
You can transfer your donation to our bank account
WeMove Europe SCE mbH
IBAN: DE98 4306 0967 1177 7069 00
BIC: GENODEM1GLS, GLS Bank
Thank you for standing for democracy with us. It is only together that we can truly be a force to be reckoned with.