French economy minister on Spain's debt proposal: 'It's interesting'

Spain's proposing a new joint European Union debt instrument worth up to eight hundred fifty billion euros, according to Euronews. French Economy Minister Roland Lescure calls the proposal "interesting," but with caution. He warns that if one country transfers its debt to the entire European community, it might incentivize that nation to take on even more debt. It's the classic economic dilemma: pooling risk promotes solidarity, but it can also create the wrong incentives.

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