Brussels to seek more joint debt in EU budget plan

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Common loans: The European Commission is coming up with a plan to be able to take out common loans in crisis situations. The Netherlands is part of…

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The European Commission wants to take a new step towards more power for Brussels. According to plans that will be presented later this month, the European Union should now be able to borrow money together in every major crisis. The Netherlands and Germany are strongly opposed. Nevertheless, the 'frugal camp' in Europe is starting to show cracks, reports the NRC.

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The European Union (EU) should continue joint borrowing to finance the strengthening of armed forces across the Community, Gediminas Šimkus, the Governor of the Bank of Lithuania (LB), said in an interview with Politico.