New special fund? Juncker proposes EU bonds for upgrade

No special assets for the Bundeswehr, but new European debts: Jean-Claude Juncker brings new financial strategies into play in the t-online podcast.

Former European Commission President Jean-Claude Juncker has proposed financing European countries' defense spending through joint bonds, DPA reported, quoted by BTA. "There is no doubt that the Bundeswehr (German armed forces - ed. note) needs more funds, like other armies in Europe," Juncker told the German news portal T-online.

Former EU Commission President Jean-Claude Juncker proposes financing the defense spending of European states through joint bonds. In order to pay for the necessary armaments, Germany could participate in such European joint debt, Juncker told the news portal T-Online. "What I am now proposing and what was done in connection with the pandemic are earmarked European bonds." And he continued: "This should not be dealt with by Germany alone in term…