The European Commission will issue debt securities to support Ukraine.
Wednesday, May 11, 2022

The European Commission will issue debt securities to support Ukraine.

 The European Commission plans to issue new EU debt to cover Ukraine’s short-term financing needs over the next three months. The plan is to raise €15B, reported POLITICO.  According to the Ukrainian government and the International Monetary Fund, Ukraine needs €5B per month to keep the economy afloat. The money will be spent on paying wages and pensions to care for displaced populations and other war-related costs. The United States has pledged to provide a third of that sum, which would leave €10B uncovered. The Commission briefed EU ambassadors Friday on a plan to bridge that gap, which would entail the Commission issuing debt on the back of guarantees provided by EU countries.

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