Reported 3 days ago
EU leaders, including French President Emmanuel Macron and German Chancellor Olaf Scholz, are discussing joint funding options to bolster defense spending in response to escalating security concerns due to the ongoing war in Ukraine. Financial mechanisms such as activating the escape clause in EU fiscal rules or repurposing existing funds are being considered. This shift reflects a growing consensus among member states to enhance collective military capacity, potentially costing up to $3.1 trillion over the next decade.
Source: YAHOO