The European Union is reportedly preparing to launch “large-scale” bonds to finance energy and defense spending. This is what the Bloomberg Agency writes, reporting confidential sources according to which the technicians are working to develop a plan to be presented after the next Versailles summit scheduled for 10-11 March. The amount and structure of the operation have yet to be decided.
The operation comes one year from the EU’s total package of 1,800 billion euros (MFF), which also includes the Next Generation Fund, to support the greater efforts due to the Covid 19 pandemic. ‘EU is to finance the increased expenditure due to defense and energy infrastructure reform following the Russian invasion of Ukraine. Last Monday the statement by the European Commissioner for Economy Paolo Gentiloni indicated the need to “focus on further commitments and initiatives” avoiding “reorienting the Recovery and Resilience Facility” by hypothesizing a “compensation mechanism” for possible problems future energy supplies. According to rumors gathered by Bloomberg, the structure of the new loan could follow that of the previous ” Sure ” program to finance employment support following the pandemic