There’s a shift taking place in the low-debt economies that joined the European Union after the collapse of the Berlin Wall.
An aversion to borrowing that once characterized much of the bloc’s ex-communist contingent is being jettisoned following the 2008 global crash and the Covid-19 pandemic in little over a decade. Much of the region, which has led the continent’s economic growth for years and counts five euro-area members among its ranks, is now set to endure higher indebtedness for some time.
