💥🚨 Europe friction heating up 🇩🇪🇫🇷
Fresh disagreement inside the EU after Germany pushed back against France’s proposal for joint EU bonds to handle spending pressure. In short — Berlin doesn’t want shared debt responsibility.
Numbers explain the tension: Germany’s debt load sits far lower relative to its economy, while France carries a much heavier burden. German officials worry common bonds would mean stronger economies quietly guaranteeing weaker ones.
This isn’t just finance… it’s about how the EU will function long-term. After the pandemic recovery fund, some members want permanent shared borrowing. Others fear it turns the bloc into a “pay-for-everyone” system.
If the split widens between the EU’s two biggest pillars, confidence in the euro and overall market stability could wobble. Traders are watching closely. 🌍💶