Italy wants the bonds because it would mean they would share debt with the northern countries which will reduce their interest.That's a mess. I understand issuing Eurobonds is a burden to all member states, but surly this is better than throwing Spain and Italy into financial ruin, which then hurts the population of those two nations.
I know Von der Leyen has confirmed a 100 billion euros would be sent to the hardest hit member states, starting with Italy, but by the sound of it this isn't going to fully help and Italy still want the bonds.
What a mess.
The actual usefulness in this situation is debatable because ECB is pumping so much money into med bonds interest rates have changed very little compared to before the pandemic started.
That's not completely true as northerners would have to pay higher interest as they're directly secure southern debt worthiness and expose themselves to higher risk.It is not even a burden. You could use the north's credit worthyness but have the south be the only one receiving and paying back. It would cost the north nothing if the south pays back.
And what is nice is that other countries are calling out the Dutch's slow response to the corona-crisis. The Dutch were simply irresponsible with the lives of their citizens, and are still even to this day considering the lack of closing non-essential stores to avoid having to pay those stores compensation.