21
Nov
2022
Watch
Borrowing strategy to finance NextGenerationEU (debate)
Madam President, Commissioner! NextGenerationEU is the largest joint funding programme of the Union that benefits Member States directly, on the one hand in the form of grants and, on the other hand, in the form of loans. For this purpose, 150 billion euros will be raised annually by 2026. The choice of this comprehensive programme was necessary in order to cope with the reconstruction in the individual Member States. I congratulate the Commission on the successful loan programme. Because one thing is clear: We must not put on a debt backpack for the next generation, let alone slip into a debt union. Yes, the ECB's increase in key interest rates is necessary to combat inflation. It is therefore all the more important that a swift implementation of the institutional agreement on the introduction of further own resources is swiftly tackled.