Published on
08/07/2026 - 10:58 GMT+2
The Spanish government has proposed a new EU common borrowing mechanism worth up to €850 billion per year, according to a document seen by Euronews.
The pitch will be presented on Thursday in Brussels by Spanish Economy Minister Carlos Cuerpo during a meeting of euro-area finance ministers.
Spain argues that liquidity is central to creating a common safe asset that would serve as a benchmark for European firms, reducing their financing costs. That in turn would have positive implications for the European Union's competitive goals, such as more integrated capital markets and strengthening the role of the euro as an international currency.
