EU Should Seek Joint Borrowing for Ukraine Impact, Official Says
- Commissioner Lenarcic speaks in interview with Bloomberg
- Lenarcic says internal reserves ‘don’t exist anymore’
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The European Union should seek more resources to face the fallout from Russia’s invasion of Ukraine and a host of growing domestic emergencies and global crises, a senior official of the bloc said.
Janez Lenarcic, commissioner for crisis management, said that options include a new joint borrowing scheme, similar to the bloc’s response to the Covid-19 pandemic, or setting up a trust fund.