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Shankar Narayan's avatar

It's one step forward, but a ton of work remains. The good news is that if they had stumbled here, it would have slowed down a lot of things—but that didn’t happen. Now, the Council can start working on the details. EU pension funds have signaled they’re ready to buy war bonds, and I hope they ramp it up well beyond €150 billion. Merz is pushing for more—hopefully, he gets it done.

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