Spanish Economy Minister Nadia Calvino said on Wednesday, the government doesn’t have liquidity or financing problems despite the coronavirus crisis.
“There must be an EU system to share a debt to overcome coronavirus crisis,” she added.
Meanwhile, Spain’s March Manufacturing PMI slumped to 45.7 from 50.4 in February, the lowest since April 2013, on the coronavirus impact.
EUR/USD reaction
EUR/USD extends the drop below 1.1000, as downbeat Spanish PMI adds to the resurgent US dollar demand across the board, as a flight to safety remains the key theme due to looming virus risks.