In July 2020, in the longest European Summit so far, leaders agreed to establish coronabonds, so all EU countries have equal access to borrowing to help support us and our livelihoods through the economic recession. This is exactly what our petition called for, and that's why we've now closed it. However, this extraordinary decision - to issue common debt for the first time in EU's history - is a needed but insufficient first step to make our economies greener and fairer, following the COVID shock. That's why our WeMove Europe community is right now mobilising, alongside other organisations and movements, to make sure the money EU countries receive from coronabonds, is spent wisely, that is, investing it in line with the Paris Agreement's and climate neutrality goals - and in a way that no one is left behind. If you want to take action, join us here: https://act.wemove.eu/campaigns/recovery

77,885 of 100,000 signatures

To the European Council, the Council of Economics and Finance Ministers of the EU and the European Commission.

Petition

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. [1]

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.

References:

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/

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77,885

of 100,000 signatures

Recent comments

Tim

In a crisis like this we have to act more than ever with our hearts out of solidarity. Not to mention, it is also very rational to prevent many from falling into poverty, as it will damage society and the economy on the long term. We have seen this during the Eurocrisis in Greece, Italy, Spain and Portugal with millions of talented (youth) potential wasted. Let's not make the same mistakes again!

Fernando

We can only survive, if we are together on the human kind major issues and the corona virus is one of them, NOW!

Connie

We have to help each other. It´s the only way to a fair future, in benefit for us all.

Brian

Cooperation not competition is the way forward

Andrea

The financial system is a parasite with their interest demans. Maybe we should have the governement give loans without interest so the people and the economie are more supported.

Istvan

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

Roberto

I'm European

Klüglich

Damit ich spontan verreisen kann.

Nuriye

I wann to believe

Annette

We need to be united to be sustainable!

Ubi*zh.ch*:)*

Fabien

Plus d'Europe et de solidarité est la seule sortie vers le haut qui assurera aux générations futures une vie enrichissante et aténuera les inégalités nord-sud

Sergio

To recover from this global health emergency, we need a decisive and muscled recovery plan consisting of bonds, call it Coronabonds. These would take the form of bonds and grants rather than loans. It is vital for the future of our Union that all 27 governments show unity and solidarity. To the leaders of the so-called "frugal 4", I say the following. This is not a recession caused by fiscal mis-management or indiscipline. This is a symmetric crisis affecting us all. If there is no united response, the single market will fail, and countries like Germany and Netherlands, that benefit greatly, will also fail. So, it is in everyone's interest to save the single market and the union from collapse!

Zeljko

Because I am fully supporting your idea and activities.

Elisa

Solidarity. Help the ones in need.

Barbara

Because I know what it means ! I am an European,I am Dutch ,living in Spain !

Sergio

So that people in need get help.

Maarten

We need to be united and in solidarity with all Europe

Meike

Because I know what it means. I am German and I live in Spain.

Thomas

Because I am ashamed of the thousands of deaths in Spain and Italy caused by the German-demanded austerity measures in their healthcare. These are reparations- NOW!

Wilma

I think we need to show solidarity now. And talking about getting finances in order afterwards. Although one country did not get this in order, the country shouting the loudest against it having this fiscal paradise? Who should point the finger af whom? So no fingers, but solidarity!

Timothée

This act of solidarity is important because without each other, we won't be able to face the crisis. Europe isn't only beautiful when everything is fine and it's important to prove it today !

Henk

Also austerity in the Netherlands especially among youth and people with a psychiatric disability. Students should not have to make huge sums of debts to make a living and make a career. Not humane.

laurence

I'm part of the people who need it!

Lena

Solidarity and stabilization of the EU.

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In times of coronavirus: let’s bond!

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In times of coronavirus: let’s bond!