Russia's war in Ukraine is igniting an old debate in Brussels over debt
Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That's the question hanging on the shoulders of EU officials as they promise to spend more on defense amid Russia's onslaught in Ukraine. This debate is not new — and it is historically complex. For many years, EU nations that were traditionally more conservative over how they spend their money did not want to tap capital markets together with the rest of the bloc. They feared that ultimately their fiscal prudence would be jeopardized by
