Investors lobbying for EU military spending splurge – Bloomberg ...News

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Investors lobbying for EU military spending splurge – Bloomberg
source : Russia Today ( News ) () 85
The bloc is mulling a joint debt program to upgrade its defense sector Investors are pushing for an EU-wide debt program that would bring them healthy profits while helping the bloc to increase military spending, Bloomberg has reported. Bond investors want the bloc’s temporary joint EU debt program that was launched mostly to finance the pandemic recovery fund to become permanent, the outlet has suggested. The EU already has some €450 billion ($492 billion) in outstanding in bonds issued to counter the effects of COVID-19, but the program will cease to issue new bonds after 2026, it noted. Investors are interested

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