The rising cost of European Union borrowing and what to do about it

Grégory Claeys, Conor McCaffrey, Lennard Welslau Debt issuance by the European Commission on behalf of the European Union has increased massively. Of the approximately €400 billion in outstanding EU debt as of May 2023, 85 percent has arisen from borrowing since 2020. Large-scale borrowing is expected to continue until 2026 to fund the remainder of NextGenerationEU, and […]