Austrian Chancellor Karl Nehammer
rejected the idea of a new common European debt. "The Austrian
stance is unequivocal. But not only in Austria, but in other
so-called frugal states: sharing debt always means sharing the
burden of interest together. We had to do that once because of
the pandemic. We are still paying high interest on the debt.
This in turn limits the ability to act," he said upon his
arrival at the EU summit.
"We need to think differently. We need to strengthen the
capital market in the EU, and we need an agreement now," he
underlined.
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