Investors Expect EU-Russia Borrowing
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defence spending lifts euro zone growthReuters
•World
World
Analysis-Markets eye new wave of joint European bonds in rush to boost defence

77% Informative
Investors sensing a fresh joint European borrowing effort is becoming more likely as the region scrambles to ramp up defence spending.
The modest reaction across bond markets suggests increased borrowing is manageable so far.
The EU believes 500 billion euros of investments are needed over the next decade .
But raising defence spending to 3% of output would require nearly 200 billion euros per year more.
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