Greece’s deputy minister for foreign affairs argues that the European Union needs a bigger long-term budget and forms of joint borrowing to respond to what he describes as “turbulent times” for Europe. The official says the aim is to support investment and policy action in areas where technological and industrial change is accelerating.
He frames the proposal as a response to “unprecedented” technological and industrial transformation. Ahead of ministerial discussions on the EU’s long-term budget, he advocates directing joint debt mechanisms and additional funding toward targeted sectors rather than pursuing a one-size-fits-all approach. The outlet reports the argument as part of Greece’s position entering negotiations, emphasizing both the urgency of the challenges and the need for coordinated EU-level financing.
