EU Watchdog Warns Debt Could Hit €1 Trillion by 2027
The European Union’s overall debt level could reach €1 trillion by 2027, driven by ongoing post-Covid recovery borrowing and long-term financial backing for Ukraine following Russia’s full-scale invasion, according to a warning from the European Court of Auditors (ECA). Setting out its annual report for spending in 2025, the bloc’s budget watchdog also cautioned that … Read more