Italy not planning to use EU budget leeway for defence spending boost

Italy adopts the same accounting criteria as Germany, Denmark and others to reach the minimum threshold. The Americans insist on a substantial increase. But it is a level of investment that would jeopardize the sustainability of debt and deficit. The intermediate proposals of the Europeans, in view of the NATO summit in June in the Netherlands

Italy not planning to use EU budget leeway for defence spending boost

Italy has no intention for now of using budget leeway allowed by the European Union to boost its defence spending, its economy minister said on Saturday, despite U.S. pressure to increase military expenditure.

The fund, called the European Defence Mechanism, was proposed by the Bruegel think tank in a document for ministerial talks as a way to address concerns about how heavily indebted countries could pay for expensive military equipment.It is part of a wider European effort to prepare the EU bloc against a potential attack by Russia, in the context of a potential attack by Russia, in the context of where EU governments understand that they can no lo…

EU begins defence fund talks to ease debt concerns

The European Defence Mechanism was proposed as a way of addressing how highly-indebted countries could pay for costly military equipment.

Europe seeks to reduce military dependence on US with new defence mechanism

The fund, called the European Defence Mechanism, was proposed by the Bruegel think tank in a paper for the ministerial discussions as a way of addressing concerns about how highly-indebted countries could pay for costly military equipment

Italy has no plans, at least for now, to use budget flexibility allowed by the European Union to increase its defense spending, Economy Minister Giancarlo Giorgetti said on Saturday.