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Position Paper Kingdom of Spain; Delegate: Valeria Silva Gomez

Proposals for debt restructuring programs for any indebted Eurogroup country

The idea of the European Union is a idea of solidarity. From Rom over Maastricht to Lisbon, the idea, and the union, grew. Starting with economic collaboration, the history of the EU was one of integration and ever closer cooperation of countries with the same values. But yet, the Euro is much more than a solely economic project. The Euro is an unique step forward to a politically strong European friendship. However, these bound are strained by several developments. Nowadays, the EU is facing a financial crisis that turned into a so called debt crisis or currency crisis.

The Kingdom of Spain also needs to deal with major challenges since due to the financial crisis in the United States and Europe, the Kingdom ent...