#EPplenary debate today on Borrowing Strategy to finance #NextGenerationEU. EP seemingly want a permanent loan instrument. Let’s make it clear: we should not live at the expense of future generations.
MSs should be able, however, to use the available funds as soon as possible & with as few obstacles as possible. Hungary has not even got access to the recovery money yet, while it is already paying the interest on the loan.
We knew when we took out the NGEU loan that it was like playing w/h fire. We did not want it, but we’re ready to listen to the pleas of the Southern MSs.
In 2020, we agreed that a loan-financed #recoveryfund would be a one-off &exceptional solution. Now the EP wants to make it permanent & bring it within the budget. This is incompatible w/h the Treaties. For the left, however, neither the spoken word nor the written letter counts.
