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joint borrowing

European Commission President-elect Ursula von der Leyen (L) and European Parliament President Roberta Metsola pose with the results of the election of the Commissioners at the European Parliament in Strasbourg on 27 November 2024.

Indebtedness and Endless Financing of the War: The EU Today

‘The total EU debt-to-GDP ratio is nearing a staggering 90 per cent. EU citizens are being forced into collective debt against their will, with Hungarians then even denied access to funds. That is a ludicrous scenario. It’s like a bank…
Former Italian prime minister and economist Mario Draghi (L) speaks as European Commission President Ursula von der Leyen listens on during a joint press conference about the future of European competitiveness at the EU headquarters in Brussels on 9 September 2024.

Centralization or Collapse? Draghi’s Controversial Plan to Save the EU — Part I

‘In sum, the report reflects the political views and values of the EU elite and can be seen as a tool to turn a problem into a crisis—an ‘existential challenge’—to justify the extension of EU powers at the expense of…

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