Belgium, (Brussels Morning Newspaper) European commissioners called for joint borrowing to finance a bloc-wide response to the energy crisis, with Germany objecting to the plan.
In an article in the Irish Times, two EC officials noted that the proposed joint borrowing scheme could be based on the model used in response to the coronavirus crisis, according to Reuters reporting on Tuesday.
European Commissioner for Economic and Monetary Affairs Paolo Gentiloni and European Commissioner for Internal Market Thierry Breton pointed out “it is more important than ever that we avoid fragmenting the internal market, setting up a race for subsidies and calling into question the principles of solidarity and unity that underpin our European project.”
They pointed out that Germany prepared aid worth 200 billion euro for its companies and citizens, stressing that many of Germany’s EU counterparts cannot afford to provide comparable support and noting that this jeopardises competition on the EU market.
Continue reading EC calls for joint borrowing, Germany objects at Brussels Morning Newspaper.
