EU running out of money – Handelsblatt ...News

The bloc has no capacity to finance important new initiatives without cutting on essential projects, the outlet reports Higher interest rates have added pressure to the EU’s long-term budget, already squeezed by multiple crises, including the conflict in Ukraine, migration, and energy supply shortages, Handelsblatt newspaper reported on Monday. In the aftermath of the pandemic, those issues are overwhelming the EU’s financial resources, the German outlet wrote. Budget reserves are “practically exhausted,” the article says, while challenges are growing and Brussels’ ability to act is dwindling. The report comes ahe

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Last updated : 06 June 2023 clock 04:12 PM

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EU running out of money – Handelsblatt ...News

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