
BERLIN, May 9 (Reuters) - German Chancellor Friedrich
Merz said one reason for his reluctance to countenance joint
EU debt issuance to finance military spending
was that he was concerned about rising state indebtedness not only in Europe, but worldwide.
While the EU could raise money by issuing common debt, this should
only ever happen in exceptional circumstances,
he said, adding that Europe's defence needs could also be addressed by
improving efficiency rather than spending more.
"I am indeed somewhat worried about the constantly rising national debt around the world - not just in Europe, but also, for example, in the United States," he said.
"And I do wonder how long it will be possible not only to refinance the debt itself but also to finance the interest payments. We cannot keep taking on debt indefinitely,"
he added. (Reporting by Thomas Escritt and Sarah Marsh, Editing by Miranda Murray)
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