European Union nations face significant financial challenges in defence, energy, and pensions over the next 15 years. The International Monetary Fund warns that without action, public debt will become unsustainable. Reforms, consolidation, and potentially joint borrowing are suggested to manage these rising costs and ensure a stable financial future for the bloc.

The European Commission attributed these figures to rising energy prices caused by the war around Iran, but made no mention of any connection between these numbers and military…

European Union nations face significant financial challenges in defence, energy, and pensions over the next 15 years. The International Monetary Fund warns that without action,…