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More ideas than cash: 5 takeaways from the EU’s defense push


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BRUSSELS -- The European Union is no longer merely a peacekeeping project.

On Tuesday, the European Commission unveiled a European Defence Industrial Strategy, as well as a subsidy fund of at least €1.5 billion known as the European Defence Investment Programme.

Thierry Breton, the industry commissioner, stated at the plan presentation that Europe is facing a "existential threat," while foreign policy director Josep Borrell warned: "In response to Russia's aggression against Ukraine, the EU must bolster its defense capabilities."

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Target State: California
Target City : New York
Last Update : Mar 07, 2024 5:27 AM
Number of Views: 18
Item  Owner  : Danny Parker
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