We cannot have new European debt, German Chancellor says
European leaders are set to discuss the EU's financial framework, with German Chancellor Friedrich Merz opposing common borrowing and advocating for a balanced budget.
- Country:
- Germany
European leaders will discuss the future financial framework of the European Union and German Chancellor Friedrich Merz rejected the idea of common borrowing.
"From my point of view, I made it clear: there can be no new European debt," Merz said on Thursday, talking to reporters in Brussels. "The budget must be balanced."
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