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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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