Thats on top of the multi hundred billion euro COVID recovery funds that EU raised through bonds.
Now put more than half trillion defence euros bonds on top for defence and EU would economically kill itself, no joke.
Member states already face big crises on the economic front. Now add (probably will happen) Trump trade war, Germany's continued deindustrialization, debt repayments starting for COVID recovery funds, demographics, immigration, welfare, energy prices etc.
Look a bit deeper, and you can see that more or less, they are imploding