Tag #Joint Debt

What is the immediate impact of the EU's plan to issue €150 billion in joint bonds for military spending?

The European Union plans to issue €150 billion in joint bonds to finance military purchases, a sum exceeding Russia's projected 2025 military spending. This follows the US president's call for Europe to bolster its own security, and Germany's support has shifted the dynamic, leading to an EU-wide agreement on increased military spending. This is a significant development, surpassing previous common debt issuances like those during the Covid-19 pandemic in both scale and long-term implications.