“Countries should find their own resources to increase their defence spending and not do it together”, Estonian MEP Riho Terras (EPP) told Euronews’ Europe Today morning show in Strasbourg, referring to the possible issuing of joint debt by the EU.
The common debt issuance has been a recurring topic among EU leaders and institutions, and is championed by French President Emmanuel Macron, who called for it to finance defence and AI-related spending in an interview published on Tuesday by several European newspapers.
“I am not a fan of loans”, MEP Terras said, considering that tapping markets to be able to pay for defence is not the best option at the EU’s disposal.
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