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Italy’s Meloni Backs EU Bonds to Finance Defense Investments

NEWSROOM
NEWSROOM


(Bloomberg) — Italian Prime Minister Giorgia Meloni signaled support for joint European Union debt for defense investments that are crucial to support the war in Ukraine, just ahead of a summit starting Thursday in Brussels.

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“I think a debate is necessary to imagine innovative solutions, paving the way for the possibility of European bonds,” Meloni told Italian lawmakers on Wednesday.

The use of common issuance has run into resistance from Germany and its allies, and a debate on the issue will likely be off the table when the bloc’s leaders meet this week.

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