November 29, 2022

Germany rejects push for recent EU borrowing to battle

Germany rejects push for fresh EU borrowing to battle

Germany rejects push for fresh EU borrowing to battle

Germany’s finance minister has rejected widespread borrowing by the EU as a solution to deal with the bloc’s vitality disaster, saying it was cheaper for particular person states to lift debt by themselves given the upper rates of interest confronted by the European Fee.

“The monetary benefit the fee, and lots of member states as soon as hoped for from widespread European debt, versus issuing debt on a nationwide foundation, not exists,” Christian Lindner stated in an interview.

His opposition to…

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