The euro zone is resisting recession, lower wages may be around the corner, and joint defense debt is being considered

The euro zone is resisting recession, lower wages may be around the corner, and joint defense debt is being considered
The euro zone is resisting recession, lower wages may be around the corner, and joint defense debt is being considered
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Published: 04/02/2024 06:45

Paschal Donohoe, Chairman of the Eurogroup. photo of Vladimir Ivanovs (V).

Paschalis Donohoe, chairman of the Eurogroup and Irish Minister of Civil Affairs, in an interview given to businessmen, emphasizes that Lithuania recovers from stagnation twice as fast as the euro zone, which, to the surprise of many, was more resistant to major shocks, thus avoiding recession. Panekova is talking about joint debt for the defense of Europe to finance the prospects of when decisions will be made regarding the transfer of frozen Russian assets to the aggressor-attacked Ukraine.

The chairman of the Eurogroup positively assesses the plans to increase defense financing in Lithuania, and also warns about the risk of securing greater security with borrowed funds. I think there is a real risk that it will be paid by borrowing more. What if …

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The article is in Lithuanian

Tags: euro zone resisting recession wages corner joint defense debt considered

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