{"id":3805,"date":"2020-04-18T12:05:33","date_gmt":"2020-04-18T12:05:33","guid":{"rendered":"https:\/\/www.ixambee.com\/blog\/?p=3805"},"modified":"2021-02-11T12:30:43","modified_gmt":"2021-02-11T07:00:43","slug":"did-you-know-what-is-corona-bonds","status":"publish","type":"post","link":"https:\/\/blog.ixambee.com\/did-you-know-what-is-corona-bonds","title":{"rendered":"What is Corona Bonds and   its importance?"},"content":{"rendered":"\n<p>As the whole world is under complete lockdown due to <strong>COVID-19 <\/strong>or <strong>Coronavirus<\/strong> and each activity coming to a standstill, it&#8217;s extremely important to keep oneself updated with the current scenario and current burning topics. Today\u2019s article deals with <strong>Corona bonds<\/strong>, which are in the news. Recently, the <strong>Italian Prime Minister Giuseppe Conte<\/strong> has proposed Corona bonds to be issued by the European Union (EU) to deal with a gloomy economy and alleviate Eurozone financial struggles amid the COVID-19 or Coronavirus crisis. European Union is aiming to start with a \u20ac540-billion emergency rescue package to underscore the difficult road ahead to chart the economic recovery from the coronavirus crisis.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are Corona Bonds?<\/strong><\/h2>\n\n\n\n<p><strong>Corona bonds<\/strong> is a collective debt amongst EU member states, with the aim to provide financial relief to Eurozone countries crippled by the coronavirus. The Corona Bonds funds would be supplied by the<strong> European Investment Bank<\/strong>, with the debt taken collectively by all member states of the European Union. Also, an emergency credit line will be opened to raise the lending capacity of the European Investment Bank and back the European Commission\u2019s\u00a0\u20ac100-billion unemployment insurance scheme.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why Opposition to Corona Bonds By Some EU Countries<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Not all countries in the European Union are in favour of Corona Bonds.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The idea of corona bonds has received reinforcement from nine EU countries like <strong>Italy, Spain <\/strong>etc. which have suffered huge death due to COVID-19 and are keen to reach a financial solution to meet this crisis.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>However, there is some steep opposition to the idea of corona bonds. The resistance has come mostly from the<strong> \u2018Frugal Four<\/strong>\u2019 which consist of <strong>Germany, Netherlands, Austria and Finland<\/strong> member countries.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>These countries believe that finance is an individual nation\u2019s responsibility so each EU member state should keep their finances in order.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The idea of mutual issuance of debt has also drawn a lukewarm response from <strong>Berlin, Amsterdam <\/strong>and some other bloc\u2019s members.\u00a0<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong> Benefit of corona bonds?<\/strong><\/h2>\n\n\n\n<p>The advantage of Corona Bonds is that they would allow European member\ncountries to gain essential financial support. Each member state could receive\neconomic aid without expanding its national debt and would also strengthen\nconfidence amongst Europe if each EU member state showed a display of unity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Some Issues Related To Corona Bonds<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Corona Bonds would not only enhance debt sustainability but will aid future debt forgiveness, distinguishing between coronavirus related debt and legacy debt.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The implementation of Corona Bonds amongst EU member states could take a lot of time as all member countries need to come on the agreement table unanimously. Any delay is not ideal for countries who require access to funds immediately<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The economic and political consequences of failure on Corona Bonds can hamper the post-pandemic recovery thus affect European solidarity.<\/li><\/ul>\n\n\n\n<p>Hope you enjoy reading the article and stay tuned for more current burning topics update. If you want to enlarge your knowledge base and want to know details about any current issue feel free to comment below. Also, you can practice<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\"> free online mocks <\/a>available in ixamBee and join ixamBee <a rel=\"noreferrer noopener\" aria-label=\"YouTube channel (opens in a new tab)\" href=\"https:\/\/www.youtube.com\/channel\/UCwB1sptW5PPeaXnrW5Yb3-A\" target=\"_blank\">YouTube channel<\/a> where we are conducting daily online classes to keep you informed.<\/p>\n\n\n\n<p><strong>Also Read<\/strong><\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" aria-label=\"RBI's Relief Package for COVID-19 (opens in a new tab)\" href=\"https:\/\/www.ixambee.com\/blog\/rbis-relief-package-for-coronavirus-or-covid-19\" target=\"_blank\">RBI&#8217;s Relief Package for COVID-19<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/zero-budget-natural-farming-or-zbnf\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"ZBNF Full Form (opens in a new tab)\">ZBNF Full Form<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/important-codes-numbers-used-in-banking-and-financial-sector\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Important Codes In Banking and Financial Sector (opens in a new tab)\">Important Codes In Banking and Financial Sector<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.ixambee.com\/blog\/list-of-various-exams-cancelled-due-to-covid-19-coronavirus\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"List of exams cancelled due to COVID-19 (opens in a new tab)\">List of exams cancelled due to COVID-19<\/a><\/p>\n\n\n\n<p> Get Free\u00a0<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\">Online Test Series<\/a>,\u00a0GK updates in form of\u00a0<a href=\"https:\/\/www.ixambee.com\/beepedia-gk-updates-capsule\">Beepedia<\/a>,\u00a0<a href=\"https:\/\/www.ixambee.com\/beebooster-ga-updates-capsule\">BeeBooster<\/a>,\u00a0\u00a0as well as latest updates for\u00a0<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/bank-po-exams\">Bank PO<\/a>,\u00a0<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/bank-clerk-exams\">Bank Clerk<\/a>,\u00a0<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/ssc-exams\">SSC<\/a>,\u00a0<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/rbi-exams\">RBI<\/a>,\u00a0<a href=\"https:\/\/www.ixambee.com\/free-mock-tests\/nabard-exams\">NABARD\u00a0<\/a>and Other\u00a0<a href=\"https:\/\/www.ixambee.com\/exams\">Government Jobs.<\/a> <\/p>\n\n\n\n<p><\/p>\n <span style=\"position:absolute;visibility: collapse;\"><a href=\"https:\/\/credit-n.ru\/zaymyi-next.html\">\u0441\u0440\u043e\u0447\u043d\u043e \u0434\u0435\u043d\u044c\u0433\u0438 \u0437\u0430\u0439\u043c<\/a><a href=\"https:\/\/credit-n.ru\">\u043e\u043d\u043b\u0430\u0439\u043d \u0437\u0430\u0439\u043c \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u0430 \u043d\u0430 \u043a\u0430\u0440\u0442\u0443<\/a><a href=\"https:\/\/credit-n.ru\/zaymyi.html\">\u0437\u0430\u0439\u043c \u0441\u0440\u0430\u0437\u0443<\/a><\/span>","protected":false},"excerpt":{"rendered":"<p>As the whole world is under complete lockdown due to COVID-19 or Coronavirus and each activity coming to a standstill, it&#8217;s extremely important to keep oneself updated with the current scenario and current burning topics. Today\u2019s article deals with Corona bonds, which are in the news. Recently, the Italian Prime Minister Giuseppe Conte has proposed [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":3806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,9],"tags":[],"class_list":["post-3805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-po","category-current-affairs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corona Bonds: Get here details about Corona Bonds and its importance<\/title>\n<meta name=\"description\" content=\"EU issued Corona Bonds to fight COVID-19 and help their countries: Get here all information related to Corona Bonds, issues and its benefit\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Dhauni","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blog.ixambee.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4c074ba2abbc5970f0233c14bafd5d32?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4c074ba2abbc5970f0233c14bafd5d32?s=96&d=mm&r=g","caption":"Himani Dhauni"},"description":"Assistant Manager- Content Development @ ixamBee. Himani has completed her PG in Earth Sciences and believes in educating, informing and cultivating readers through her writing. She wants to explore every field in life because she believes knowledge is limitless. She is a nature lover, traveller and explorer and believes in the saying - Never say, you do not have any choice, it's always your choice because no matter what age or what stage you are, you always have the freedom to go for your choice of career in life.She has cleared IBPS PO exam and reached up to interview stage.","url":"https:\/\/blog.ixambee.com\/author\/himani"}]}},"_links":{"self":[{"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/posts\/3805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/comments?post=3805"}],"version-history":[{"count":3,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/posts\/3805\/revisions"}],"predecessor-version":[{"id":3812,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/posts\/3805\/revisions\/3812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/media\/3806"}],"wp:attachment":[{"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/media?parent=3805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/categories?post=3805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ixambee.com\/wp-json\/wp\/v2\/tags?post=3805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}