Macron isn't sure about the joint EU debt plan

Macron isn’t sure about the joint EU debt plan. 

It might be hard for the EU to help fight the war in Ukraine alone, so they’ll need to work together, says French President Emmanuel Macron. 

That could lead to more debt, but he says he prefers to discuss the goals first rather than what it will take to get there.

They say that some countries, such as France and Italy, want new debt from the European Union to help them deal with changes in energy imports and sanctions against Russia. 

This debt would also help them become more independent from global food and microchip suppliers.

But Germany, the Netherlands, and other countries say that the EU’s 800 billion euro pandemic recovery fund already has a lot of money left over that the bloc is already borrowing from.

If the European Union had another fund for recovery, Macron said that he would rather talk about reaching the goals first than how to get there. 

“That’s always been how I’ve done things. It helps break taboos and get rid of blocks “Was before an EU meeting at the Palace of Versailles near Paris.

To start the first EU recovery fund and the first joint debt package in 2020, Macron had to win over former German Chancellor Angela Merkel. The so-called “Frugals” group of fiscally conservative EU countries called the “Frugals.”

“We will need a plan for joint investments in Europe. To do this, we’ve already begun with our recovery plan for the summer of 2020. It can still be used in parts, “Macron also said that.

“But based on the goals we set for ourselves, we’ll have to decide whether to change it or make new decisions. So I don’t want to get ahead of it. “He said that.

As a result, Macron said that EU leaders had to make crucial decisions when they had to make critical decisions.

“During the pandemic, Europe has become a different place than it used to be. Changes will happen even faster when there is war, “He said that.

As part of his speech, Macron said that leaders would also give the European Commission a task: to develop ways to protect families from rising prices. 

He noted that several technical proposals are being worked on and could be ready by the end of this month.