2nd Jun 2023


Scholz promises to 'look into' new EU debt fund

No formal agreement on new European joint debt was reached by the European Council on Thursday. But leaving the summit German chancellor Olaf Scholz said he would "look into" what is possible, ostensibly changing his strong opposition to new EU joint debt. Mario Draghi, who attended his last EU summit as Italian premier, had strongly insisted on "a considerable common fund...not only for investments, but also to mitigate prices."

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Join EUobserver

Support quality EU news

Join us