Greece’s Prime Minister Kyriakos Mitsotakis proposed the issuance of Eurobonds exclusively for EU defense bolstering. He made the proposal during his opening statements Thursday at the ongoing two-day European Union Council Summit in Brussels.
Greece, surpassing 2% of GDP on defense spending, emphasizes the need for new financing methods to maintain European defense. Mitsotakis urged for Eurobonds dedicated solely to defense to fortify Europe’s security.
According to European diplomatic sources, Mitsotakis’ proposal is supported by France and Italy and in general by the countries of the South, but not by the so-called “stingy” countries of the North, namely Germany, the Netherlands, Sweden, Denmark and Austria, media reported.
