Europe has a money problem.
The war in Ukraine multiplies the challenges to European strategic autonomy.
So many new priorities, some urgent, to be funded.
However, the EU's 2021-2027 multi-annual budget and even the historic recovery plan decided to deal with the pandemic will not be enough.
Emergency aid to Ukraine already amounts to 4 billion euros.
The Commission is proposing an envelope of 9 billion, which must be discussed by the Heads of State and Government on Monday in Brussels.
These should be loans whose interest would be paid by the EU budget.
A drop of water next to the needs, then, of the reconstruction of the country, evaluated at several hundreds of billions.
To discover
Follow information on the war in Ukraine with the Figaro application
Added to this is the cost of defense.
Under discussion, a financial instrument would aim to allow the reconstitution of the arms stocks of the European States which have delivered equipment to Ukraine.
A bill of 500 billion euros, with EU co-financing.
In the longer term, the…
This article is for subscribers only.
You have 73% left to discover.
Freedom has no borders, like your curiosity.
Keep reading your article for €0.99 for the first month
I ENJOY IT
Already subscribed?
Login