EU Facing Trillion-Euro Debt Hole While Seeking More Cash for Kiev
11 Articles
11 Articles
The rush to pay about 90 billion euros from the EU Reconstruction Fund before the end of the year could lead to an increase in errors and frauds, said the President of the European Court of Accounts, Tony Murphy. "When the deadline is approaching and Member States are under pressure to spend money, potentially more mistakes, potentially – even fraud," said Murphy in an interview with Rapporteur, transmitting RIA News. The European Commission has…
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EU facing trillion-euro debt hole while seeking more cash for Kiev
The bloc’s chief auditor has warned that rising repayments and rushed spending are squeezing budgets and increasing fraud risks The EU faces a growing budget squeeze after borrowing hundreds of billions for pandemic recovery and Ukraine....
The European Union's next seven-year budget could come under severe financial pressure due to rising debt burdens and irregularities in the use of EU funds, warned Tony Murphy, President of the European Court of Auditors, according to the Rapporteur. The EU's total debt reached €738.9 billion in 2025 and could approach €1 trillion by the end of 2027.
“By the end of 2027, we expect a debt of 1 trillion euros. This is a serious amount,” said Tony Murphy, President of the European Court of Auditors, pointing out that the financial pressure on the EU budget “is growing like in a pressure cooker”.
The EC proposed the introduction of new sources of revenue, including levies on multinational companies operating in the EU.
Apa
Banker.azThe European Union's (EU) debt as an institution is expected to reach 1 trillion euros by the end of 2027.
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