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- EU economy and single market commissioners call for joint borrowing to deal with energy crisis
EU economy and single market commissioners call for joint borrowing to deal with energy crisis
The Irish Times carried an editorial opinion piece, citing European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton, calling for a joint borrowing to deal with the energy crisis.
The EU officials said that the new joint borrowing could be modeled on the joint debt issued during the COVID-19 pandemic to subsidize jobs that would have otherwise been lost.
Market reaction
At the time of writing, EUR/USD is trading at 0.9875, up 0.52% on the day. The shared currency fails to capitalize on the above headlines, retreating from daily highs of 0.9896.
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