Common borrowing was first used by the EU to help countries pay for the recovery from the coronavirus pandemic. But then, as now, countries such as the Netherlands, Germany and the Nordics resented having to pay for poorer southern countries that they see as lacking fiscal discipline.
The hypocrisy of the Netherlands talking about fiscal resposability while having siphoned off the taxes from most of the continent is something else
Would you please explain this more? I’ve not heard anything about this, but I am ignorant of many things.