Italian mayors and regional governors on Tuesday bought a page in Frankfurter Allgemeine Zeitung newspaper to ask Germany for solidarity amid the coronavirus outbreak, saying that other states agreed to cut its debt after World War Two.
FILE PHOTO: A medical worker in a protective suit is seen at the San Filippo Neri hospital, where patients suffering from the coronoavirus disease are treated, in Rome, Italy, March 30, 2020. REUTERS/Guglielmo Mangiapane
“Dear German friends, memory helps make the right decisions,” the letter says, after referring to a 1953 agreement to reduce Germany’s debt to help its post-war recovery. Nine European Union countries, including Italy, France and Spain, called last week for joint debt issuance to finance an economic recovery after the virus outbreak that seems certain to push the euro zone into a deep recession.
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