EU must reform, consolidate, use joint debt to cope with spending needs, IMF says
NICOSIA – European Union countries will face large bills for defence, energy and pensions in the next 15 years, the International Monetary Fund told EU finance ministers on May 23, suggesting a mix of reforms, consolidation and joint borrowing as a way to manage that. “If left unchecked, public debt will be on an unsustainable…

