IMF Backs Macron’s Call for Rolling Over EU’s Covid Debt

The International Monetary Fund argued the European Union should delay billions in repayments for Covid-era debt to help free up money for defense or infrastructure spending.

“We see this as a good option in the context of ramping up spending on what we call European public goods,” Oya Celasun, deputy director of the IMF’s European Department, told reporters in Brussels on Tuesday.