- the EU budget issues 500bn 25yrs bonds (negative rates surely)
- gives them to States as transfer
- States pay them back yearly beyond actual MFF.
500bn/25 years=20bn to be paid back yearly.
if Italy and Spain are the most affected (and will receive a larger slice), which country will have to become a heavy net contributor in the reimbursement of the loans?
His view is shared by denmark netherland sweden (the four frugal..)