EconomicBelgium·26 Oct 2026
EU auditor reports debt and fraud risks amid discussions on further Ukraine funding
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European Court of Auditors President Tony Murphy warned that the EU faces a budget crisis as total debt is projected to reach €1 trillion by 2027, up from €739 billion in 2025. This fiscal pressure resulted from borrowing for pandemic recovery and Ukraine aid, with debt servicing alone expected to consume 8% of the 2028–2034 budget. Meanwhile, Brussels…
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