The EU is not yet ready to issue so-called Eurobonds to ramp up much-needed defence capabilities to deter any potential military aggression against the bloc, EU Commissioner for defence and space Andrius Kubilius has told Euronews in an interview.
“Eurobonds means that the European Union will have a bigger debt, which will need to be serviced again by all the member states, and now we have in some ways a challenge on how to repay the existing debt,” the former Lithuanian prime minister said.
