Bloomberg Talks
Eurogroup President Paschal Donohoe Talks Fiscal Borrowing
Apr 18, 2024
Eurogroup President Paschal Donohoe discusses Europe's fiscal challenges, funding priorities for defense and Ukraine, managing debt levels in France and Italy, and the emergence of Euro bonds in the EU budget.
08:34
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Quick takeaways
- Efforts to tap into capital markets for funding greener economy and security measures, exploring common debt for military capabilities.
- Implementing EU budget for structural changes, balancing expenditure reduction with capital investment to spur growth amidst competitiveness challenges.
Deep dives
European Union's Need for Fiscal Headroom for Investments in Climate and Security
The European Union is facing challenges in normalizing budget policy while needing to secure funding for greener economy and enhanced security measures. There is a push to tap into capital markets to address this funding gap. Efforts are being made to accelerate progress in utilizing private savings and investing them in priorities like climate change and defense, with discussions on common debt for ramping up military capabilities.
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