Global Analysis from the European Perspective. Preparing for the world of tomorrow

Brussels looks to new taxes to pay off pandemic recovery debt

Brussels will call for new environmental taxes and corporate levies as it looks for innovative ways to finance €500bn in debt as part of its post-coronavirus recovery plan.

Ursula von der Leyen, the European Commission president, will unveil proposals this week for the EU to backstop shattered national economies by Brussels borrowing on the capital markets at low rates and then passing the money on.  Source The Financial Times

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