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Global Business News

The Economic Times

Global Business / The Economic Times

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European Union's public debt to be on unsustainable path without action, IMF says

European Union nations face significant financial challenges in defence, energy, and pensions over the next 15 years. The International Monetary Fund warns that without action, public debt will become unsustainable. Reforms, consolidation, and potentially joint borrowing are suggested to manage these rising costs and ensure a stable financial future for the bloc.

23 May 2026 3:22 pm