Petteri Orpo takes Finland to the co-debt, although the last hundred billions ended up in southern Europe

The EU’s joint debt seems to be coming again. Prime minister Petteri Orpo told Kauppalehti on Mondaythat no EU country directly opposes the new co-debt used for defense. Orpo has also warmed to the idea.

The situation is tight. US military attention focuses on China. Therefore president Donald Trump Requires European countries to bear their responsibility for defense. In many countries, the starting level is miserable, so there should be some money to buy weapons – preferably quickly and a lot.

Commission’s estimate isthat EU defense will require EUR 500 billion in more money over the next ten years. So this is where the co -debt would be needed.

Money for questionable projects as well

It would not be the first time. The EU took over a joint debt from Korona to a recovery in 2020, for a subsidy package of more than € 800 billion. A significant part of the support flowed into southern Europe, although the area was already quite well in the area.

For example Spain enjoys enjoys From a support pot of more than € 163 billion, even though the country’s economy is growing faster than the euro area average. Finland, on the other hand, is still in the role of a net payer, even though the economy suffers from war and sanctions launched by Russia.

It is also estimated that the subsidy money has also been decided on questionable projects. For example, Greek have been suspected of sharing Unjustified EUR 2.5 billion to support only a few domestic companies.

Now careful

However, there may also be grounds for common debt. The world -led economic competition in the world is taking over the industry. Geopolitics will increase the market economy more and more. In the race, China and the US are doing well thanks to their massive debt -driven support programs.

For example, Chinese artificial intelligence development has been driven for many years in support policy. The big Finnish companies are also OP:n study On the basis of the legs of large countries.

Common debt works best when used for projects that benefit the entire EU, not to support individual countries. For example, investing in defense or research can, at best, benefit everyone.

However, Finland must be careful about communal debt. The distribution of money must not be based on a negotiating race where small countries cannot succeed. At the same time, it would be a good idea to have an open discussion on whether the EU is going permanently towards repeated use of communal debt. Namely, the previous support package was supposed to be the only one of its kind.