Tsipras on coronavirus bond: EU states should approve it, with or without Germany

SYRIZA leader Alexis Tsipras expressed his satisfaction on Friday with the German Social Democratic Party (SPD) co-leader Norbert Walter Borjans’ public support for the coronavirus Eurobond. 

In a post on social media, the main opposition party leader stressed the need for EU member states who signed a petition calling for the bond to push forward with their proposal to fight the economic strain of the coronavirus pandemic “with or without Germany, in the form of a Eurobond or in alternative forms, such as an SMS bond”.

Tsipras added that Borjans’ opinion “confirms that a significant part of the social democratic forces – also supported by the Green party – are pushing for a progressive response to the pandemic crisis.”

Meanwhile, according to a report by Spiegel magazine, the German Finance Minister Olaf Scholz, member of the SPD, does not intend to approve the coronavirus bond at the upcoming teleconference of Eurozone finance ministers on Tuesday.

Citing a draft document by the German Finance Ministry ahead of Tuesday’s meeting, Spiegel writes that it would take two years to implement the special bond with all the legal manoeuvering required to enact it. 


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