Dutch PM proposes huge EU fund to help countries hit hardest by Covid-19

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Dutch Prime Minister Mark Rutte has proposed a multibillion-euro European Union fund to help countries in the 27-nation bloc whose healthcare systems have been hardest hit by Covid-19&period;<&sol;p>&NewLine;<p>In an interview on Dutch TV&comma; Mr Rutte said&colon; <em>&OpenCurlyDoubleQuote;We are&comma; of course&comma; in solidarity with South Europe&period; There’s no doubt about it&period;”<&sol;em><&sol;p>&NewLine;<p>Speaking in Paris on Thursday&comma; French finance minister Bruno Le Maire welcomed the proposal as a step in the right direction&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;This is I think a very positive signal&comma;”<&sol;em> Mr Le Maire said&period; <em>&OpenCurlyDoubleQuote;It’s good news that everybody now in Europe is aware of the necessity of showing a strong and clear solidarity among member states&period;”<&sol;em><&sol;p>&NewLine;<p>The proposed fund and Mr Rutte’s comments follow harsh criticism of the Dutch from southern European nations over the country’s opposition to an issuance of joint European debt&comma; known as coronabonds or eurobonds&comma; and comments attributed to Dutch finance minister Wopke Hoekstra about Spain’s ability to fund its medical response to the virus&period;<&sol;p>&NewLine;<p>Portuguese Prime Minister Antonio Costa last week called the comments <em>&OpenCurlyDoubleQuote;repugnant”<&sol;em>&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;Hoekstra and I have said we could have communicated in a more subtle way&comma;”<&sol;em> Mr Rutte said&period;<&sol;p>&NewLine;<p>Now Mr Rutte says the Dutch have <em>&OpenCurlyDoubleQuote;taken the initiative to establish a fund in the form of gifts for countries that are economically weaker to help them with the health care costs of fighting the coronavirus”<&sol;em>&period;<&sol;p>&NewLine;<p>He expects the fund to reach 10-20 billion euros if other EU nations agree to it&period;<&sol;p>&NewLine;<p>However&comma; he also stressed that the Dutch still oppose issuing European debt to help hard-hit economies&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;The Netherlands is against that for very many reasons — it doesn’t fit into the euro system&comma;”<&sol;em> he said&period; <em>&OpenCurlyDoubleQuote;Another thought that we have is that’s what the European emergency fund … is for&period;”<&sol;em><&sol;p>&NewLine;<p>Italian Premier Giuseppe Conte said earlier this week he hoped the European Union would put together a cohesive response to the plight of countries like his&comma; whose economy has been crippled by the coronavirus outbreak&period;<&sol;p>&NewLine;<p>Mr Conte vowed to fight for a &OpenCurlyDoubleQuote;strong and cohesive European response” and called the crisis &OpenCurlyDoubleQuote;an appointment with history&&num;8221&semi;&period; Europe must say if it’s ready for this appointment to effectively deal with social and economic shock wreaked by the pandemic&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68cd37bec72c8">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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