European Deposit Guarantee Fund

The Spanish government leaves the idea of eurobonds

Spain’s Contribution To European Integration: Eurobonds Out, Deposit Guarantee Fund At Different Speeds In

The European Parliament on Wednesday backed eurobonds as a medium-term solution for stabilising the Eurozone. But the decision did not go down well with the Spanish government which has sent its own proposal to Brusssels, stating that eurobonds are not “strictly necessary” to “guarantee fiscal support for banking union” and therefore “are not the priority.”