The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058.
Additional takeaways
“EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.”
“Borrowing to include green bonds, EU bills.”
“Borrowing to roughly average EUR150 billion per year, will be repaid by 2058.”
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