March 24, 2020 / 11:28 AM / 10 days ago

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

BERLIN, March 24 (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)

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