German Govt. Spokesperson: Money left in Next Generation fund could be used to tackle crisis

When asked about the possibility of Joint EU debt for loans, a spokesperson for the German government noted that only one-fifth of the approved available funds had been paid out from the EU's Next Generation fund, as reported by Reuters.

"The remainder of money could be used to tackle crises, for green transition in energy," the spokesperson added.

Market reaction

These comments don't seem to be having a noticeable impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.2% on the day at 0.9719.