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EU Approves €150 Billion Arms Fund to Strengthen Defense

1 min read
Source: Reuters
EU Approves €150 Billion Arms Fund to Strengthen Defense
Photo: Reuters
TL;DR

The EU has approved a 150 billion-euro arms fund to enhance European defense capabilities amid fears of Russian aggression and doubts about US security commitments, using joint borrowing to finance collaborative defense projects with a strong 'buy European' element, supported by 26 member states.

Topics:world#defense-spending#eu-arms-fund#european-defense-industry#joint-borrowing#russia-threat#world
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  1. EU ministers approve new 150 bln-euro arms fund  Reuters
  2. Europe’s defense awakening needs a second engine  politico.eu
  3. Expert Sounds Alarm on $170 Billion European Defense Plan  Newsweek
  4. EU approves €150 billion for ‘SAFE’ arms fund to boost defence  France 24
  5. Brussels Approves $170 Billion Plan To Boost EU Defense Capabilities  Radio Free Europe/Radio Liberty

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