Christine Lagarde has welcomed the Spanish government's proposal for joint borrowing, telling Euronews it marks the start of a discussion based on merit rather than "over my dead body" positions, as tough talks on the next European budget get underway.
"It's great that a country like Spain, for instance, makes a proposal and puts it on the table for debate. Now it's for the others to say, 'this part we like, this part we don't like', and how that can be addressed. I think it's good to move forward," she told Euronews.
