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Politico (17 March 2025)

Carlo Martuscelli

This time, joint bonds really might forge a more united Europe. 

With Donald Trump triggering the biggest reordering of the European security landscape since World War II, debt issuance may not sound like the most urgent matter in hand, but supporters of a more deeply integrated European Union reckon bonds for rearmament are crucial to realizing their federal dreams.

Trump's insistence that Europe will have to step up and look after its own regional security — and provide Ukraine with security guarantees against Russia — is pressing the EU to raise cash fast for military investments.

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