In an arrangement similar to the bloc's $2 trillion COVID rescue fund, the European Union has decided to jointly issue what Bloomberg dubbed "potentially massive" bond sales to finance an energy and defense fund to help the bloc maintain its resolve as its financial sanctions against Russia bite. According to Bloomberg, the proposal will be taken up during the EU leaders' summit in Versailles, France, that's set to begin on Thursday.
However, the bloc's leaders are still working out the details on how the debt sales would work and how much money…EU Plans A “Potentially Massive” Bond Sale To Finance Energy And Defense
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