On 25 March , Italy , together with Belgium , France , Greece , Ireland , Luxembourg , Portugal , Slovenia , and Spain , sent a joint letter to the Council of the EU , calling for the issuing of a new common debt instrument , nicknamed in the media as `` eurobond '' or `` corona bond '' .
On March 25 , 2020 member states asked the EU to advance for financial relief for cushioning against the effects of the Covid-19 pandemic .