March 24, 2020 / 11:31 AM / 12 days ago

It'll take European solidarity to achieve a sustainable recovery - German minister

FILE PHOTO: German Economy Minister Peter Altmaier attends a news conference after a meeting with the economy ministers from Germany's 16 states to discuss the economic impact of coronavirus disease (COVID-19), in Berlin, Germany March 10, 2020. REUTERS/Michele Tantussi/File Photo

BERLIN (Reuters) - Germany Economy Minister Peter Altmaier, asked about the possibility of using the European Stability Mechanism to support the coronavirus-stricken European economy, said that European solidarity was crucial to achieving economic recovery.

Speaking at a news conference on Tuesday, Altmaier said regarding the idea of euro bonds: “I can only recommend that we don’t delve into these ideological shadow debates where everyone advocates their favourite solution from five or 10 years ago.”

He added: “It is important to both talk and walk European solidarity, also because the European economies are very closely linked and a sustainable German recovery is only thinkable if the euro zone’s economy also recovers.”

Reporting by Thomas Escritt; Editing by Michelle Martin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below