A €200 billion straw to break the camel’s back?

Euractiv | Oct 6, 2022 at 3:31 PM
  • Welcome to EURACTIV’s weekly Economy Brief.
  • Lindner’s creative accounting not only undermines his insistence on low public debts, thus weakening his position in coming discussions over the reform of the EU’s fiscal rules, but also inflates fears of distortion of the single market, galvanising proponents of a more European fiscal response.
  • The 22 European banks included in this report account for $239 billion of credits doled out to finance fossil fuel activities, comparable to the amount on the balance sheet of North American banks.