EU Defense Spending Surges with New €500bn Fund and Record Investments
TL;DR Summary
European countries are discussing a €500bn joint defence fund to enhance military spending and prepare for potential changes in US security guarantees under a possible Trump presidency. The fund would involve joint borrowing, traditionally opposed by fiscally conservative EU nations, and would be open to non-EU countries like the UK and Norway. The initiative aims to bolster Europe's defence capabilities, support Ukraine, and encourage long-term investments by defence contractors. Discussions are ongoing, with the fund's size and specific allocations yet to be finalized.
- Europe races to set up €500bn defence fund Financial Times
- EU-wide weapon buying boosts bloc’s defense spending to record in 2023 Defense News
- EU Defense Chief Floats Joint Debt Funding Based on NATO Target Bloomberg
- Poland, Netherlands seek to water down rules for EU defense cash POLITICO Europe
- EU Defense Spending Expected to Hit $342.6 Billion in Boon to Arms Makers The Wall Street Journal
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