Spain proposes annual 850 billion euro common EU borrowing mechanism
Spanish Economy Minister Carlos Cuerpo is set to present a proposal for a new common debt mechanism at a meeting of euro-area finance ministers in Brussels.
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Spanish Economy Minister Carlos Cuerpo plans to introduce a proposal for a common European Union debt mechanism during a meeting of euro-area finance ministers in Brussels this Thursday. According to Euronews, the plan suggests an annual common borrowing capacity of 850 billion euros.
The proposal is scheduled for discussion ahead of the formal gathering of the bloc's financial officials. No further details regarding the structure or implementation of the borrowing mechanism were provided in the report.
Source: Euronews. Read the original report ↗
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This brief is based on reporting by Euronews.supports: Euronews