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Top EU officials call for joint borrowing to deal with energy crisis

Top EU officials call for joint borrowing to deal with energy crisis

Two top European Commission officials called on Tuesday for joint borrowing by the 27-nation European Union to finance a response to the energy price crisis that is threatening to plunge the bloc into recession.

In an op-ed in the Irish Times, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton said the new joint borrowing could be modelled on the joint debt issued during the COVID-19 pandemic to subsidise jobs that would have otherwise been lost.

~ It would make sense.. IF.. the EU could agree, and more importantly, STICK TO decisions made to combat a crisis. And given the fracturing seen in the bloc over vaccines, I’m not holding my breath.

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