The European Union should discuss specific ideas on European defence instead of abstract ones like European defence bonds, German Finance Ministry Joerg Kukies said on Monday in Brussels, APA reports citing Reuters.
"We think that's better than abstract discussions about Eurobonds for defence financing," Kukies said before a meeting of euro area finance ministers.
Germany has in the past been among European Union members that have opposed the idea of joint EU borrowing to fund key investments in areas such as defence, a position that has frustrated policymakers in other capitals.
Kukies spoke about "concrete examples" such as the European Peace Facility, an off-budget EU instrument for security, or the idea of the European Investment Bank doing more on in the area of dual-use goods.
"We have a very strong preference to focus on these specific ideas rather than speaking abstractly about euro bonds where nobody knows exactly what they mean, what they will be used for," Kukies said.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
