The European Commission wanted to increase defense spending without increasing the budget deficit

No time to read?
Get a summary

Valdis Dombrovskis, vice-president of the European Commission, announced the association’s plans to militarize and “green” the EU economy without increasing the budget deficit. TASS.

“Yes, in the coming years, and possibly decades, we will have high investment needs for the digital and green transition and we will strengthen our defense spending. “We have to figure out how to do this while ensuring that the deficit and public debt level remain sustainable,” Dombrovskis said.

Speaking at a press conference on the return of the control of budget discipline to the EU from 2024 to rein in inflation, Dombrovskis said that new debt accumulation is unprofitable for the EU.

At the suggestion of Manfred Weber, previously the leader of the European Parliament’s leading supranational faction, the European People’s Party (EPP), the European Parliament, supported An expedited procedure for discussing the increase in European Union military spending.

No time to read?
Get a summary
Previous Article

Russians warned against sending documents and personal data via messengers

Next Article

Multinational XPO doubles its capacity in Alicante with a new 5,000-metre logistics warehouse