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German Press: Does Europe need a new Stability Fund?

Concerns about a new Stability Fund, Greek shipping and sanctions against Russia, as well as the Zelensky-Steinmeier contact in the press.

The financial newspaper Handelsblatt “The EU does not need a new European Stability Fund, as it did with the euro crisis, in order to overcome the difficulties posed by the war in Ukraine today,” she said in a statement. The newspaper writes: “Calling for new rescue packages is a wrong approach. Another rescue mechanism would help alleviate the symptoms, but it would not eliminate the causes of the ongoing crisis such as the lack of structural reforms. Over the years, European economic architecture The message has always been the same: a lot helps a lot, the corresponding funds, for example for unemployment insurance in the EU or the EU Recovery Fund, have not even been absorbed, and if a country is still If the Eurozone ever wants to return to economic normalcy, Member States will have to regain confidence in the financial markets. “ECB or just transfer the debt to European level must end.”

Greece wants to protect its shipping

Disagreements between EU member states over oil sanctions against Russia are reported by the Süddeutsche Zeitung. The newspaper points out that “The most important points of contention are the transitional periods for the oil embargo and the ban on EU shipping companies to transport the raw material by tankers to other customers.” And a little below he writes about the attitude of Greece … ” The proposal is controversial among EU ambassadors. The Greek spokesman complains about the high pressure on his country’s shipping and warns that, for example, Asian rivals could take orders and be the last to laugh. It had already resisted the fifth round of sanctions in April on strict port and ship rules, which the commission wanted to impose on Russian ships at the time, but due to Greek resistance, it was limited to a ban on Russian-flagged ships. “This greatly reduces the consequences, because many Russian-owned ships fly foreign flags.”

The long-awaited phone call Zelensky – Steinmeier

Commenting on the crisis in German-Ukrainian relations and the telephone call between the Presidents of the two countries Frankfurter Allgemeine Zeitung: “A diplomatic dispute between Berlin and Kiev lasted more than three weeks, which in peacetime would be a significant burden on relations between the two countries. But now that Ukraine is at war with Russia, the dispute between Presidents Steinmeier and Zelensky has been twice as bad. So it is good that the two of them are finally picking up the phone and according to the office of the President, the misunderstandings have been cleared up. Steinmeier and Soltz were invited to Kyiv. This was a move that Soltz was particularly looking forward to … What exactly prompted Zelensky in April to declare the President of a friendly country undesirable has not yet been processed. This will take time. “There are more urgent things in war.”

Maria Rigoutsou

SOURCE: Deutsche Welle

Source: Capital

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