MEPs approved the draft report by Johan Van Overtveldt (ECR, Belgian) on the impact on the EU 2024 budget of the increased borrowing costs of the European Union Recovery Instrument (EURI) on Wednesday 10 May by a large majority (434 votes in favour, 99 against and 89 abstentions).
Assuming a gradual increase in borrowing interest rates from 0.55% in 2021 to 1.15% in 2027 (for the Multiannual Financial Framework (MFF) 2021-2027), €15 billion per year would be needed to cover the...