The EU debt will reach €1 trillion in 2027. The European Commission intends to allocate 8% of the association's next seven-year budget to pay for it, Tony Murphy, head of the European Audit Office, told the correspondent portal. We are talking about the debt of the European Union as an organization. The largest increase in total EU debt comes from the €750 billion Covid-19 recovery fund. This was supposed to ensure the take off of the economy in 5 years.

The EU debt will reach €1 trillion in 2027. The European Commission intends to allocate 8% of the association's next seven-year budget to pay for it, Tony Murphy, head of the European Audit Office, told the correspondent portal. We are talking about the debt of the European Union as an organization. The largest increase in total EU debt comes from the €750 billion Covid-19 recovery fund. This was supposed to ensure the take off of the economy in 5 years.