Spain has urged the EU to break one of its biggest taboos and force governments to become liable for each other's debt — to double the bloc's spending power.
🔗 https://www.politico.eu/article/spain-pushes-double-eu-budget-over-e2-trillion-debt-borrowing-scheme/
🔗 https://www.politico.eu/article/spain-pushes-double-eu-budget-over-e2-trillion-debt-borrowing-scheme/
Comments
And I totally disagree with Spain’s budget, but this is the basic for an healthy EU.
🇪🇺 Already spend a lot on building up southern 🇪🇺 over several decades.
Only deficit I can agree to is to the defense of 🇪🇺. https://www.globaldata.com/media/aerospace-defense-security/spain-defense-budget-set-reach-2-gdp-target-early-2030s-says-globaldata/
The EU thrives when all its member states prosper. Bashing on poorer states will only exacerbate Denmark’s economic challenges.
Spain dont even do its obligatory part in NATO.
Also: a reason why Europe has thrived by leaving short sighted policies of lending money.
That would push Spain and the others to spend more for a greater goal.
Why should 🇩🇰 otherwise take part in the risk of sharing the risk of the huge state debt that is the norm in France, Italy and more?
🇩🇰 has the highest retirement age in 🇪🇺. We make sacrifices.
The crux of the matter is that we have the opportunity to establish a well-functioning Union that can alleviate some of these burdens.
US debt is the highest. Larger economies tend to have higher debt. That would be decided by the commission.
Due to 15 years of the sweetest present of Merkel/Rutte/Stubb to Putin. EU budgetary austerity.
If DK would be in the euro, perhaps you would understand the situation. Join it 😉
I mean less than 2 pct!
Or live up to the NATO norm of commitment.
You are making it sound a bit like the Meditarinian countries has no say in how the Euro and economy in general is managed in 🇪🇺.
Not true. And budgetary limits are imposed for a reason like long term economic survival.
EU budgetary austerity was the most powerful present from Merkel/Rutte/Stubb to Putin, it forced upon EU/NATO unilateral disarmament.
That's not sarcasm.