When the European Commission unveiled its budget proposal for the 2028–2034 period, it proudly spoke of a “budget for a stronger Europe.” Yet, behind the fanfare and the impressive €2 trillion figure lies a completely different—and deeply concerning—reality. As Trust Economics—an economic research and business consultancy firm—points out, Europe is rapidly heading toward a dangerous …
Tag: budget
France: Borrowing – mammoth 310 billion euros in 2026 with emergency measures to avoid bankruptcy
The French government plans to borrow a record 310 billion euros from the markets in 2026 – despite starting the year without a fully voted state budget but with emergency fiscal arrangements. The move underscores how unprecedented debt and persistent deficits are setting the stage for a full-blown crisis, combined with a fractured parliament and …