The EU’s new defence commissioner is open to eurobonds
Lithuanian commissioner hopeful Andrius Kubilius told Euronews he’s urgently looking to raise billions – including via the controversial idea of joint borrowing.
Lithuanian commissioner hopeful Andrius Kubilius told Euronews he’s urgently looking to raise billions – including via the controversial idea of joint borrowing.
German CDU leader and chancellor hopeful Friedrich Merz pledged on Wednesday (11 September) to do โeverything I canโ to prevent the permanent issuing of EU joint debt, after the idea featured in Mario Draghi’s report earlier this week.
In a 400-page report, the former ECB president analyzes why the EU is lagging behind the US and China, and calls for more joint borrowing and investment.
The Draghi report is full of good intentions to mend a continent losing its way. But while the vision is bold, the politics are practically impossible.
Former European Central Bank head Mario Draghi cited the warning, which stems from a newly-released report, in a speech calling for joint borrowing to finance investments aimed at maintaining the bloc’s competitivity with the United States.
Mario Draghiโs presentation of his long-awaited report on the future of Europeโs competitiveness to EU officials on Wednesday (4 July) was light on details and policy proposals – with Commission chief Ursula von der Leyen signalling she hasn’t accessed…
Kyriakos Mitsotakis shows off his growing political strength by calling for Greece to get a key portfolio.
Politicians from the liberal FDP (Renew), part of Germany’s three-party ruling coalition, have criticised European Commission President Ursula von der Leyen for not ruling out a new debt-financed EU investment programme.