The European Union (EU) joint borrowing to finance the recovery is not charity, Spanish Foreign Minister Arancha Gonzalez said in an interview with Belgian radio station RTBF on Monday.
“All the countries involved will contribute to reimbursing the debt, even northern countries dubbed frugal.”
"It is not like the Netherlands is providing charity to Spain or France."
The comments ahead of the July 17-18 EU leaders’ meeting to decide on the bloc’s long-term budget and coronavirus recovery fund.
EUR/USD is little changed by the above comments, keeping its range around 1.1330, up 0.30% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.