US EditionEU ministers positive on defence fund to ease debt concerns
- European Union finance ministers began discussions on April 12 about a joint defence fund to assist member countries in buying defence equipment without increasing national debt.
- The proposed fund, called the European Defence Mechanism, aims to help highly indebted nations finance military needs effectively.
- This mechanism would alleviate debt concerns by keeping incurred debt on the fund's books rather than national accounts.
- According to a Bruegel report, Europe could decrease its military reliance on the United States by 2030 through pooled procurement and creating a common defence market.
18 Articles
18 Articles
EU Ministers Positive on Defence Fund to Ease Debt Concerns
EU ministers positive on defence fund to ease debt concerns
European Union finance ministers expressed interest on Saturday in the idea of a joint defence fund that would buy and own defence equipment, but some also said the EU should first look at existing financing options before creating new ones.
Government “analyzes” whether it asks the EC to ease the deficit rules for defense
“We are analyzing. [...] Of course, we will have a dialogue with the Commission, also with the Socialist Party since we are in a pre-election period, and in due course we will announce the decision,” said Finance Minister, Joaquim Miranda Sarmento, in an interview with the Lusa agency. The community executive requested that, by the end of this month of April, Member States activate the national safeguard clause within the framework of tight comm…
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