POSSIBLE 400 BILLION FINANCING - TEAM EUROPE9 Jul 2024 10:50
"EU Commission leadership has been key in financing necessary infrastructure, especially through the 'Global Gateway' initiative. The EU was initially slow to respond to the Chinese challenge, but now moves decisively - backed by circa €400 billion of possible financing. 20-year money at a 3.3% coupon convinces many counter-parties. They are saying it with cash, as well as markets and strategic partnerships. The EU does not bring the historical baggage handicapping other power-blocs.