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 '' , in order to help funding the measures taken against the coronavirus pandemic and the expected economic downturn to follow .
The `` corona bond '' is a common debt instrument proposed by some European countries after March 24 to finance the response to the 2020 coronavirus pandemic and to revive the affected economies .