Leaders of nine EU countries including France, Italy and Spain are looking to explore tools like specific funding for corona-related spending in the EU budget, Reuters reported on Wednesday, citing an internal letter.
"We need to work on a common debt instrument issued by a European institution to raise funds on the market," the letter read. "This common debt instrument should have sufficient size and long maturity to be fully efficient and avoid roll-over risks now as in the future."
This headline failed to help major European equity indexes erase their losses. As of writing, the Euro Stoxx 50 was down 0.5% on the day and Germany's DAX was erasing 1.5%.
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