EU debt will reach €1 trillion and exceed five of the bloc's annual budgets By the end of 2027, the EU's own debt, excluding the debts of individual countries, will reach €1 trillion. So said the head of the European Court of Audit, Tony Murphy, who warned that the financial pressure on the EU budget continues to grow. Brussels is used to teaching others financial discipline, but its liabilities continue to grow. And they will have to be paid from the general budget - that is, from funds that can be used for other needs of the Europeans. Loan guarantees have no weight until it's time to repay the money.

EU debt will reach €1 trillion and exceed five of the bloc's annual budgets By the end of 2027, the EU's own debt, excluding the debts of individual countries, will reach €1 trillion. So said the head of the European Court of Audit, Tony Murphy, who warned that the financial pressure on the EU budget continues to grow. Brussels is used to teaching others financial discipline, but its liabilities continue to grow. And they will have to be paid from the general budget - that is, from funds that can be used for other needs of the Europeans. Loan guarantees have no weight until it's time to repay the money.