ATHENS (Reuters) - Spain’s Prime Minister Pedro Sanchez on Sunday renewed his call for debt mutualisation, saying it will help Europe better compete with other countries around the world.
However, Europe still needs to work to deepen its fiscal integration through a common banking and capital markets union.
“A European fund and the full mutualisation of debt are important issues so that we make a leap of high quality in the future of the EU,” Sanchez said ahead of an official visit to Athens.
However, Germany, among other nations, has long been opposed to issuing common debt with other European nations, arguing that it would stop individual countries from pursuing structural reforms and balancing their budgets.
Sanchez hoped that the so-called “green pass” will be ready ahead of the summer holiday season.
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