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Per the FT, Spain's "Economy minister........>

EUROPE
EUROPE: Per the FT, Spain's "Economy minister Nadia Calvino tells FT richer
countries should not be able to support their economies more generously Spain
has urged EU leaders to approve up to EUR1.5tn in grants to rebuild the bloc's
pandemic-stricken economies and prevent the worst hit countries from being
undercut by better-off states. Speaking to the Financial Times ahead of an EU
summit on Thursday, Nadia Calvino, Spain's deputy prime minister for the
economy, said it was necessary for the so-called coronavirus recovery fund to
award grants, not loans, to preserve the bloc's internal market from unfair
competition from states in a better financial position to fund business rescues
and stimulus packages."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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