Coronavirus is biggest test for EU since its foundation - Merkel | Eurasia Diary - ednews.net

3 June, Wednesday


Coronavirus is biggest test for EU since its foundation - Merkel

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The coronavirus pandemic presents the EU with its biggest ever test, German Chancellor Angela Merkel said Monday ahead of crunch talks between the bloc's finance ministers on how to respond to the crisis, EDNews reports citing Politico.

"Europe, the EU, is facing its biggest test since its foundation," she said at a press conference. "Everyone is equally affected so it must be in everyone's interest ... that Europe should emerge strongly from this test."

EU finance ministers will meet Tuesday to try and come up with a plan to respond to the economic damage caused by the crisis. While Merkel has refused to back so-called corona bonds, a proposed common debt instrument to help finance the response to the pandemic, she said stimulus would be needed. "Germany is only doing well if Europe is doing well," she added.

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