Member states’ representatives approved yesterday the Council’s position on a proposal aiming to incentivise defence-related investments in the EU budget to implement the so-called ReArm Europe plan, an EU initiative to increase defence spending and strengthen the EU’s military capabilities. With a view to facilitating faster, more flexible and coordinated investments in the European defence technological and industrial base (EDTIB), the […]
Commission plans €150B SAFE funding to boost Defence Readiness
Last September 9, the European Commission adopted the tentative allocation of €150 billion in financial assistance to strengthen defence readiness across the Union. This major step, taken under the Security Action for Europe (SAFE) programme, is designed to boost the EU’s defence capabilities and help Member States address critical gaps, as well as to purchase defence […]