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Spain’s Prime Minister Mariano Rajoy said on Monday (7 August) that his country would call for a eurozone budget and finance minister to oversee it at a 28 August summit with France, Germany and Italy.
“We are going to continue to work to deepen economic and monetary union,” conservative Rajoy said after meeting King Felipe on Mallorca.
“Spain is backing a European finance minister and a European budget which will progressively bring closer together living standards and the wealth of all European countries,” said Rajoy, who will attend the summit in Paris hosted by French President Emmanuel Macron, a fellow backer of the policies.
“Spain is going to bet on the existence of eurobonds, a European treasury emitting eurobonds,” said Rajoy, adding that would bolster eurozone market credibility. [...]