Financial support: “Wirtschaftsweiser”: EU debt for Ukraine reconstruction

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    The “economic wise man” Achim Truger has spoken out in favor of financing the reconstruction of Ukraine through joint debts from the European Union. A model similar to the Corona reconstruction fund could also make sense for the planned financial support for Ukraine, Truger told the newspapers of the Funke media group.

    The “economic wise man” Achim Truger has spoken out in favor of financing the reconstruction of Ukraine through joint debts from the European Union. A model similar to the Corona reconstruction fund could also make sense for the planned financial support for Ukraine, Truger told the newspapers of the Funke media group.

    The member of the Advisory Council for the assessment of overall economic development considers such an instrument to stabilize the economy to be economically justifiable. “Although sums of 500 billion euros sound gigantic, in relation to the economic output of the EU it is only a good 3 percent,” said the economist. Joint borrowing by the EU also entails fewer risks than uncoordinated national borrowing, “also because it strengthens trust in the EU and the ability to act together”.