Germany, Austria and the Netherlands, which oppose the proposal, say there is no need to create new tools when old ones will do, and they are loathe to put their stronger economies and healthier budgets to the service of weaker ones, fearing it will encourage irresponsible behavior down the line.
According to a French official who briefed reporters, President Emmanuel Macron said it was important to help those most hurt by the virus, including Italy and Spain.
Mr. Macron said that the bloc owed those countries solidarity, and that if wealthier members failed to show it, it would be tantamount to accepting that Europe does not have a shared destiny, according to the official.
But Chancellor Angela Merkel of Germany, a consistent critic of joint euro bonds, said she was opposed to the proposal. “We said that this is not the point of view of all member states,’’ she told journalists from her home, where she is in quarantine.
Reporting was contributed by Donald G. McNeil Jr., Maya Salam, John Eligon, Amy Qin, Marc Santora, Megan Specia, Elian Peltier, Raphael Minder, Jason Horowitz, Fabio Bucciarelli, Nikita Stewart, Michael Crowley, Lara Jakes, Jesse Drucker, Carl Hulse, Emily Cochrane, Steven Lee Myers, Matina Stevis-Gridneff, Steven Erlanger, Caitlin Dickerson, Annie Correal and Neil MacFarquhar.
Source Website Coronavirus Live Updates: Boris Johnson Tests Positive; U.S. House to Vote on $2 Tril