{"id":6760,"date":"2020-04-12T10:23:03","date_gmt":"2020-04-12T07:23:03","guid":{"rendered":"https:\/\/vastuullisuusuutiset.fi\/?p=6760"},"modified":"2020-04-12T10:56:22","modified_gmt":"2020-04-12T07:56:22","slug":"fiscal-support-to-non-eurozone-countries-a-possibility-as-bloc-backs-massive-coronavirus-rescue-plan","status":"publish","type":"post","link":"https:\/\/vastuullisuusuutiset.fi\/fi\/weben\/fiscal-support-to-non-eurozone-countries-a-possibility-as-bloc-backs-massive-coronavirus-rescue-plan\/","title":{"rendered":"Fiscal support to non-Eurozone countries a possibility as bloc backs massive coronavirus rescue plan"},"content":{"rendered":"

The Eurozone\u2019s \u20ac500 billion coronavirus rescue package will not unleash more austerity on Europe, and some of the funds will be open to EU countries outside the single currency, European Commission Executive Vice-President Valdis Dombrovskis told Euronews in an exclusive interview. \u201cWe have provided member states with all the fiscal flexibility, so basically activated the so-called general escape clause. Also the European Stability Mechanism will come with no additional conditionality,” Dombrovskis said when asked whether the bailout package would eventually mean more belt-tightening for Europeans.<\/p>\n

\u201cBasically the only requirement is that this money is going to be spent directly or indirectly to the health-related measures and measured related to the coronavirus response,\u201d he said in an interview with Euronews\u2019 business editor Sasha Vakulina. The half-a-trillion-euro deal agreed on Thursday still has to be signed off by national leaders next week. It provides a safety net for healthcare systems overwhelmed by the COVID-19 crisis.<\/p>\n

Asked if Eurozone countries would have better access to the funds than other EU member states, Dombrovskis suggested the club wasn’t an exclusive one. \u201cThere is balance of payment facilities available for countries outside of the Eurozone. And from the European Commission side we were arguing that we leave some headroom in the EU budget so that there is a possibility to provide this balance of payments support to non-Eurozone countries if this becomes necessary,\u201d he said.<\/p>\n

Dombrovskis, who is also the EU’s commissioner in charge of economic affairs, did not rule out the possibility for the bloc to issue joint debt \u2013 or so-called \u201ccorona bonds\u201d \u2013 to finance its recovery after the coronavirus crisis. ”What has been recognised by the Eurogroup is that the next Multi-Annual-Financial Framework (MFF) will play a central role in this recovery phase. At the same time, ministers also discussed other ideas, other options, like for example Recovery Fund, and how this can complement the MFF. So discussions on instruments like Recovery Fund will continue.”<\/p>\n

Source: Euro News<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Eurozone\u2019s \u20ac500 billion coronavirus rescue package will not unleash more austerity on Europe, and some of the funds will be open to EU countries…<\/p>\n","protected":false},"author":4,"featured_media":26456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"1","_FSMCFIC_featured_image_hide":null,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[40],"tags":[23,75,880],"class_list":["post-6760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weben","tag-coronavirus","tag-eu","tag-rescue-pacage","wpcat-40-id"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/vastuullisuusuutiset.fi\/wp-content\/uploads\/2020\/10\/rsz_vaulogo.jpg?fit=100%2C58&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts\/6760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/comments?post=6760"}],"version-history":[{"count":1,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts\/6760\/revisions"}],"predecessor-version":[{"id":6761,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/posts\/6760\/revisions\/6761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/media\/26456"}],"wp:attachment":[{"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/media?parent=6760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/categories?post=6760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vastuullisuusuutiset.fi\/fi\/wp-json\/wp\/v2\/tags?post=6760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}