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4min chapter
Debt dynamics: Exploring EU borrowing in changing times
The Sound of Economics
The Growth of the EU Debt
I don't blame the commission for making those forecasts. They used market-based forecasts, so nobody expected interest rate to rise as much. But is that possible in the context of the budgeting procedures? Because these things can be, when they are written down, it's also easy to change lines. So what we recommend in the paper is that actually they do the same with the interest cost that they should put it above this ceiling. Let's keep the example here. Okay, you can take it from one budget line and put it elsewhere, but you still need to pay $50 billion. You have to take it from something else. Yes.
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