Europe
German Opposition to Joint EU Debt Is Political as Well as Legal
- EU nations must be responsible for own finances, Lindner says
- Recovery fund had mixed results, German finance chief says
Christian Lindner in Washington.
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German Finance Minister Christian Lindner said he’s opposed to a new round of joint debt issuance by the European Union because member states should take responsibility for their own finances.
Lindner is trying to shut down discussion of another joint borrowing initiative as EU members look to finance the energy transition, the shift to a digital economy and, most urgently, a revamp of their militaries to confront Russia’s threat to their eastern borders.