national debt issuance to support

The Draghi Report, in fact, proposes joint EU borrowing as a more efficient alternative to fragmented national debt issuance to support increased defence expenditures. A collective approach would enhance resource allocation, generate economies of scale, lower procurement costs and facilitate compliance with NATO’s budgetary targets. Given that defence is a European public good, there is a compelling argument for financing it at the EU level, either through jointly issued European debt guaranteed by member states, or via new EU-level taxes. Notably, some Northern and Eastern European countries that have historically resisted debt mutualisation –long championed สล็อต เว็บตรง