Spain Proposes EU-Wide Bond Issuance to Create a Safer, Cheaper Market for Sovereign Debt
Spain's finance minister Carlos Cuerpo urged the European Union to expand joint debt issuance through the European Commission, saying the move could generate a large euro-denominated safe asset, reduce borrowing costs and save taxpayers money. Speaking in Washington at the Peterson Institute during the IMF and World Bank spring meetings, Cuerpo qua…