HomeDanish PoliticsDanish Moderates willing to take on EU debt for Ukraine

Danish Moderates willing to take on EU debt for Ukraine

The Moderate Party with Lars Løkke Rasmussen at the helm is willing to take unconventional steps by assuming joint EU debt in the fight against Russia. The Minister of Foreign Affairs and leader of the Moderate Party, Lars Løkke Rasmussen, announces that he is ready to incur EU debt with mutual liability to strengthen the security of Ukraine, Denmark, and the entire EU. He stated this to Jyllands-Posten.

“I would like to say that I believe it is inevitable that we in Europe will have to look at how we can raise some new, collective funds to address some of these priorities,” he said. Historically, Denmark, along with the Netherlands and Sweden, has been among the countries hesitant to spend money via the EU. However, Løkke is now looking to change this stance. He emphasizes, though, that this is not an official government statement, but solely the Moderate Party’s own position.

Lars Løkke notes, however, that Prime Minister Mette Frederiksen earlier in the month, after her visit to French President Emmanuel Macron, had considered similar thoughts. This gives him reason to also present his own considerations, he explained to the newspaper.

Joint liability means that if countries like Greece and France are unable to pay their share of the debt, Denmark and the rest of the EU will be liable for the total amount.

Read the danish version here

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