EU to issue €90 billion in joint debt for Ukraine after hitting a wall on reparations loan
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Euronews.com
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European leaders have decided to raise €90 billion in joint debt to support Ukraine over the next two years after failing to agree on a reparations loan backed by immobilised Russian assets. Hungary, Czechia, and Slovakia opted out of the scheme. The summit in Brussels highlighted divisions among EU members, particularly regarding Belgian demands for unlimited guarantees. German Chancellor Friedrich Merz and Commission President Ursula von der Leyen faced setbacks in their efforts to secure a reparations loan. The outcome guarantees funding for Ukraine but raises concerns about the repayment of the loan, which may become a grant. Teljes cikk (Euronews.com)