EU Eyes Joint Debt as German Fiscal Force Worries Allies
- Finance ministers discuss energy prices in Luxembourg Tuesday
- Breton, Gentiloni call for ‘European budgetary response’
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Two top European Union officials called for the use of common spending to tackle the energy crisis as member states ratcheted up criticism of German plans for a giant borrowing program to cap power prices.
EU internal market chief Thierry Breton and Paolo Gentiloni, the bloc’s economy czar, said the current situation requires solidarity among member states, including the issuance of joint-guaranteed debt similar to what was done during the Covid pandemic.