The idea of mutualized debt is a frequent request of heavily indebted EU nations and is championed by the European Central Bank, but it is seen as political poison in Germany and other rich northern members.
France, Spain and Italy have long called for a some kind of eurobond, that is in effect joint borrowing by the 19 members of the euro single currency. The leaders' request came after France backed Italy's demand for something called a "corona bond", an idea that Germany and the Netherlands have said is not necessary and have rejected.
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