/ world today news/ On April 26, the European Parliament announced that due to rising interest rates, the costs of repaying EU loans have increased, which seriously limits the EU’s ability to finance its policies. At the same time, high inflation reduces the real value of the EU budget.
The announcement also states that due to the impact of the conflict between Russia and Ukraine, the additional funds available to the EU have been exhausted. Without a quick and decisive reaction, the EU will hardly be able to finance important projects.
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