EU Commission Unveils Plan to Raise up to EUR800 Billion to Fund The Recovery

The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058.

“EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.”

“Borrowing to include green bonds, EU bills.”