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Bob 🇪🇺 Profile picture
Bob 🇪🇺
@libobral
🇪🇺 🇺🇦 🏗️european policy nerd • terminally online student • future WEF young global leader (inshallah) • anders puck nielsen stan • poaster extraordinaire
May 24 • 17 tweets • 3 min read
another EU policy thread: debt/fiscal policy. the commission's debt burden has increased by 8.6x since 2020 by €792.3bn! despite being "only" about 4-5% of EU GDP, it's a massive increase that reflects a policy shift in how europe approaches joint debt.
1/ Image the dividing line is 2020: before SURE and NextGenerationEU, borrowing was usually programme-specific 'borrow-to-lend'; afterwards, the Commission became a large recurring issuer, increasingly acting like a federal state (at least fiscally).
2/ Image