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MUNICH Hit hard by the COVID-19 pandemic and the war in Ukraine, the European Union needs money. And given that Paolo Gentiloni, the bloc’s economy commissioner, cannot get it directly from the EU’s member states, he wants to borrow it. The purpose does not seem to matter. What matters is that the Commission receives money, lots of it, even if that means amassing a mountain

United statesUnited kingdomStefan zweigGerald feldmanJoe bidenHans werner sinnPaolo gentiloniIfo institute for economic researchEuropean central bankUniversity of munichEuropean unionAdvisory councilEuropean commissionBeliefs oxford universityInflation reduction actUnited kingdom prime minister liz truss