The Legal Service of the Council of the European Union validates the legal basis of the European Commission’s proposal to borrow 750 billion euros on the markets on behalf of the EU27 to finance the actions foreseen in the framework of the Next Generation EU, in an opinion dated 24 June.
“The Treaties allow the Union legislator to establish a mechanism such as the one proposed in the Next Generation EU, provided that it incorporates a number of safeguards” aimed at preserving the...