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Earlier this week, the EU began negotiating the next budget - but this time around, it's been particularly difficult due to the extremely expensive COVID recovery fund. In this video, we're taking a look at why it's such a big problem for the EU, and why it appears that this is leading towards a more federalised union.
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1 - https://www.politico.eu/article/eu-debt-bomb-budget-negotiations-brussels-belgium-27-commissioners-mff-veto/
2 - https://www.euronews.com/business/2024/12/09/eu-budget-who-pays-the-most-into-the-eu-and-who-gains-the-most
3 - https://www.bruegel.org/policy-brief/rising-cost-european-union-borrowing-and-what-do-about-it
4 - https://ec.europa.eu/economy_finance/recovery-and-resilience-scoreboard/index.html
5 - https://www.consilium.europa.eu/en/policies/eu-annual-budget/2025-budget/
6 - https://www.bloomberg.com/news/features/2025-02-12/trump-s-new-plan-to-end-the-russia-ukraine-war-might-break-europe
7 - https://www.bloomberg.com/news/articles/2023-12-01/eu-defense-bonds-needed-as-russia-threatens-region-estonia-says
8 - https://www.ft.com/content/451d935e-b3ef-4d3c-8dcf-24f86338647a
9 - Helen Thompson, Disorder. 2022
10 - https://www.james-macdonald.net/_files/ugd/284177_93de9470d9774a5c82ff1188dd576408.pdf
00:00 - Introduction
01:07 - A Brief History of Joint Borrowing
03:50 - Will the EU Borrow More for Ukraine?
04:56 - Is a Federal Europe Inevitable?
07:54 - Sponsored Content