Reported 8 months ago
As the German government and its allies successfully hinder new joint borrowing proposals in the European Union that aim to finance crucial projects like defense, plans for shared debt issuance are being shelved due to distractions in France. European leaders, including Ursula von der Leyen, are focusing on counteracting trade tensions, supporting economic growth, and promoting the bloc's green deal instead. The recent surge in support for far-right groups and political uncertainties have further complicated discussions around joint borrowing.
Source: YAHOO