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.