2nd Jun 2023


Draft EU budget in line with 'AAA' rating

EU-held debt would grow to €950bn by the end of 2024 under recent proposals for its next long-term budget, which include borrowing on capital markets, in "a radical change for the EU", US ratings agency Fitch said on Monday. "But this would be backed by additional resources from member states. As such, it would be consistent with the EU's 'AAA' rating, all else being equal," it added.

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