The Spanish government will propose to its EU partners that they create a 1.5 trillion euro ($1.63 trillion) recovery fund financed through perpetual debt to aid countries worst-hit by the CCP (Chinese Communist Party) virus crisis, a discussion paper shows.
Prime Minister Pedro Sanchez will outline the proposal to his European colleagues during a summit on April 23, in a bid to lead the negotiations looking for an acceptable solution after the Netherlands and Germany ruled out common debt issuance, a foreign ministry source told Reuters.
