The Budget Commissioner of the European Union (EU), Johannes Hahn, announced on Wednesday a strategy to raise up to € 800 billion in debt for the recovery fund, which is expected to be repaid in 2058.
Additional comments:
“The EU will use a diversified financing strategy to raise up to € 800 billion by 2026“.
“The loans will include green bonds and EU bonds.”
“Loans for an approximate average value of 150,000 million euros per year will be reimbursed in 2058”.
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