Top EU officials call for joint borrowing to deal with energy crisis


Reuters | Brussels | Updated: 04-10-2022 13:27 IST | Created: 04-10-2022 13:24 IST
Top EU officials call for joint borrowing to deal with energy crisis
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  • Belgium

Two top European Commission officials called on Tuesday for joint borrowing by the 27-nation European Union to finance response to the energy price crisis that is threatening to plunge the bloc into recession.

In an op-ed in the Irish Times, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton said the new joint borrowing could be modeled on the joint debt issued during the COVID-19 pandemic to subsidize jobs that would have otherwise been lost.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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