Spain proposes a European fund of 1.5 trillion euros with perpetual debt

The formula is to use the European budgets for the next 7 years (2021-27) to issue perpetual debt that could mobilize that amount of investment. The funds would have to be available from January of next year and would be maintained for two or three years depending on the evolution of the economies.

It would be a matter of making transfers to the States through the EU budget based on the impact of the coronavirus crisis, according to transparent indicators, such as the percentage of the population affected, the fall in GDP, the growth of unemployment.

These funds transfers should be ready to start on January 1, 2021, and be carried out in the next 2-3 years to reactivate the economies of the affected countries.

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