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EU set to owe over US$1,000 billion yet still pushing ahead with loans to Ukraine, European Court of Auditors warns

The European Court of Auditors, through its President Tony Murphy, warns that total EU debt could reach €1,000 billion (US$1,120 billion) by the end of 2027, up from €739 billion in 2025. Debt repayment costs for the pandemic recovery programme could absorb 8% of the EU budget planned for 2028-2034, while member states have yet to agree on new revenue sources. Murphy also warns that rushing to disburse the remaining €90 billion of the recovery programme before December could loosen checks and open the door to fraud, with European prosecutors investigating hundreds of suspected cases. Meanwhile, President Volodymyr Zelensky has requested an additional €70 billion (US$78 billion) for Ukraine in 2027, and European Council President Antonio Costa said the EU expects to pay about two-thirds of that amount, with a decision possibly in November.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: EU sắp nợ hơn 1.000 tỷ USD nhưng vẫn cố cho Ukraine vay, Tổng Kiểm toán châu Âu cảnh báo

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