Portugal wants long-term EU mechanism for security, energy investment

[ASFN Admin]

Portugal wants the European Union to create a mechanism similar to its pandemic recovery programme to channel investment into defence, security, green energy and digital spheres, Prime Minister Antonio Costa said on Monday. He told a conference in Lisbon this would imply debt issuance by the European Commission, which would be paid for with transfers from member states, and also with new taxes on profits of multinational companies and on carbon emissions. "The challenges of the climate and digital transition, the strengthening of strategic autonomy of Europe and investment in security and defence require high coordinated investments at European level," he said.

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