What is the Coronabond?

[vycl87]

Every day I see more Coronabond news in the media. Does anyone know what this means and what its purpose actually is?
And why do we see so much news about this?

[figmentofmyass]

Every day I see more Coronabond news in the media. Does anyone know what this means and what its purpose actually is?
And why do we see so much news about this?

it would be a common debt instrument issued by the EU. this sums it up pretty well:

The euro area would raise new debt for which all 19 members of the currency union would be jointly and severally liable. Countries such as Italy and Spain, which are suffering the most from the coronavirus, would get cheaper access to the money they need to recover. States like Germany, which currently borrow at negative rates, would pay only trivially higher interest costs. What better way to finally show European solidarity?

it's in the news because italy and 8 other EU states are asking for coronabonds. germany, the netherlands, and other less indebted states oppose. the result:

That has infuriated many southerners. A group of Italian politicians this week took out a full-page ad in a German newspaper, accusing the Dutch of “a lack of ethics and solidarity,” and unsubtly reminding the Germans of the solidarity Europe showed them after the war, when Germany’s debts were forgiven or restructured at a conference in 1953.

So tempers are boiling once again.

[voron7477]

Coronabonds were called eurobonds before the pandemic started. These bonds are shared debt instruments to finance borrowing,where money can be redirected to the countries that need it most.

[Rodeo02]

Every day I see more Coronabond news in the media. Does anyone know what this means and what its purpose actually is?
And why do we see so much news about this?

i think this one will help you understand  what is coronabond just complete read the article
https://www.cnbc.com/2020/03/23/corona-bonds-what-they-are-and-why-europe-is-talking-about-them.html.

[hugeblack]

The main idea is to find new ways of financing to mitigate the economic consequences of coronavirus outbreaks, but it shows the political obstacles to issuing more debt in the euro area, especially with heavily indebted countries such as Italy, Greece, and Portugal.
Thus, it shows how solid the European Union faces a mixture of economic, political and health crises.
In general, it appears that the tools of the old crisis (the European Stability Mechanism) will not be able to solve this crisis.

CNBC gives more detailed answers ---> here

[LeGaulois]

European Union but in Europe, there is no union. When all is fine they bother us, but when the countries are in trouble they are so happy to be part of Europe
  
Some countries like Germany, Finland, and a few others are not ready to accept this debt mutualization and I understand them. Why should they be involved in other countries' debts? Stay with your problems and I stay with mine.

Not a lot of solutions, either the European central bank purchase more public debt to reduce the costs or the use of the European Stability Mechanism, as mentioned above, but some countries will dislike it because they will be under the control of Brussels and there are also difficulties because it shall remain compatible with the European Treaties.
Remember Greece in 2015?

[mu_enrico]

This coronavirus-based bond is just like any other bond, i.e., to get money from investors to fund something. I believe governments need money to give stimulus to people impacted with the coronavirus, and since they are pretty much broke, they need to borrow more money from people.