Let’s Open Schools

Global public debt is at an all-time high. How can we keep it under control? Public debt around the world has reached unprecedented levels. Managing it requires the skill of a tightrope walker. Excessive debt can become explosive, pushing a country to the brink of collapse, as history has shown us. On the other hand, rigidly adhering to balanced budgets, as Germany did for too long, or abruptly increasing taxes and cutting expenditures to reduce debt can drive a country into recession. A better approach is to aim for a gradual reduction of debt while considering that in the coming years, more resources will need to be allocated to environmental protection and healthcare, and many countries will increase defense spending. What we absolutely must avoid is borrowing blindly, without a clear plan for spending the funds, as happened with the National Recovery and Resilience Plan (Pnrr).

A more united Europe can become a leader among non-aligned countries, attract global talent, and strengthen the role of the euro Today, Europe has a unique opportunity to position itself as a global reference point, thanks to its independence from rival geopolitical blocs. But to seize this moment, it must become stronger and push forward decisively with deeper integration. That’s why, before welcoming new Eastern European countries, the EU needs to reform the rules that currently allow any member state to block decisions with a single veto. On the 40th anniversary of the Schengen Agreement, the European Union could also take a major step forward by introducing a shared social security code – an important move to strengthen the European identity that, for many young people, is already a natural part of their daily lives.