'Austria’s finance minister, Gernot Blümel, said the Netherlands were not standing alone. “That is out of the question for us,” he said of the issuing of coronabonds. “That remains the case. We were also not in favour of this formulation because the idea opens the door to a mutualisation of debt ... It was not just the Netherlands.” ''The Dutch parliament has backed its government on its approach, with politicians warning that anti-EU sentiment would be inflated in the wealthier member states as well if the electorate concluded that their money was being misspent.
Austria’s finance minister, Gernot Blümel, said the Netherlands were not standing alone. “That is out of the question for us,” he said of the issuing of coronabonds. “That remains the case. We were also not in favour of this formulation because the idea opens the door to a mutualisation of debt ... It was not just the Netherlands.”
A second stumbling block is the conditions that should be attached to credit issued by the eurozone bailout fund, the European Stability Mechanism.
About €240bn of unused lending capacity could be made available to the hardest-hit countries, such as Spain and Italy, but there are stark differences over the terms and conditions to be applied.
The Netherlands again has said it wants the credit line to be conditional on the money being spent to boost economic growth and balance budgets once the crisis is over.'
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EU risks break-up over 'coronabonds' row, warns Italian PM, April 9, 2020
Context'Ethical problems of production .. the production of money.'(Global Credit) - '..More than 11 years ago Dr. Issing recognized the key issue for 2015..''Issuing euro bonds during the Covid-19 crisis would be too difficult. A joint debt reduction fund is less radical, and it could be done.'