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Top EU officials call for joint borrowing to deal with energy crisis

10/04/2022 | 03:57am EST
European Union flags flutter outside the EU Commission headquarters in Brussels

BRUSSELS (Reuters) - Two top European Commission officials called on Tuesday for joint borrowing by the 27-nation European Union to finance a response to the energy price crisis that is threatening to plunge the bloc into recession.

In an op-ed in the Irish Times, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton said the new joint borrowing could be modelled on the joint debt issued during the COVID-19 pandemic to subsidise jobs that would have otherwise been lost.

(Reporting by Jan Strupczewski; Editing by Jan Harvey)


ę Reuters 2022
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