A new report by the pro-European think-tank Bruegel, published on 12 September, looks at how the European Union finances its debt by analysing the legal feasibility of the EU borrowing on the capital market to finance European public goods.
The first option is to repeat the Next Generation EU model by raising funds established as ‘other revenue’ by the EU Council. The second option integrates debt financing into the EU budget by creating a new category of “own resources”.
Funds...