Spain's socialist PM says EU's £650billion Covid fund will help build a ...

Spain's socialist PM says EU's £650billion Covid fund will help build a ...
Spain's socialist PM says EU's £650billion Covid fund will help build a ...

The socialist prime minister of Spain has said the £650billion Covid fund distributed by the EU to help rebuild the economy will help create a 'United States of Europe'.

Pedro Sánchez believes the stimulus package offered by Brussels will deepen integration across the bloc during a speech in Barcelona on Tuesday.

He said: 'It has accelerated European integration towards a future United States of Europe.'

Pedro Sánchez said the £650billion Covid fund distributed by the EU to help rebuild the economy will help create a 'United States of Europe'

Pedro Sánchez said the £650billion Covid fund distributed by the EU to help rebuild the economy will help create a 'United States of Europe'

The leader added the superstate would have a 'threefold integrational vision along social, territorial and intergenerational lines'.

He previously said that 'Europeanism means erasing borders while separatism means putting up borders'.

The huge rescue fund ended an EU convention against the raising of debt among its member states. 

Angela Merkel and Emmanuel Macron agreed to the debt mutualisation in negotiations last July after drawn out negotiations between the union's two most influential leaders.

A number of the more financially prudent economies in the EU had previously resisted making their taxpayers pay for the perceived profligacy of others in the bloc, such as Spain.

Angela Merkel and Emmanuel Macron agreed to the debt mutualisation in negotiations last July

Angela Merkel and Emmanuel Macron agreed to the debt mutualisation in negotiations last July

In the deal, around £450billion will be provided in grants to the countries most affected by the pandemic, while the reminder will be offered as loans.

The European Commission approved Spain's proposals to spend $70billion in grants over the period from 2021 to 2026 from the Recovery and Resilience Facility.

The country has been hit hard by Covid-19 with its economy shrinking by 11 per cent last year, The Telegraph reported. 

President of the Commission, Ursula von der Leyen, has travelled to member states to

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