Europe News
Commission to activate fiscal escape clause to boost defence spending
The EU Commission will propose to activate the escape clause for defence investments, Ursula von der Leyen announced in Munich. "This will allow Member states to substantially increase their defence expenditure," she said.
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Europe News
EU leaders avoid controversy as they discuss defence spending options
The Commission estimates that the EU needs to invest €500 billion in the sector over the coming decade so that it can continue to support Ukraine but also ensure it is in a position to defend itself following decades of under-investments.
Europe News
EU leaders meet to discuss defence priorities as huge divisions remain
The EU needs to invest €500 billion over the coming decades to shore up its defence and kickstart its defence industries but member states remain divided over what and where to buy crucial equipment and how to finance it all.
Europe News
EIB to invest €95bn in 2025, but only €2bn for defence
The EIB, the largest multilateral lender, will double its funding for defence and security from €1 billion to €2 billion by 2025. Its group president defends a proactive approach to both sectors within the bank's remit. "We are not a defence ministry," she said on Thursday.
Space
Kubilius: Space is an EU top priority, but budget is still limited
In ten years, the global space economy could triple in size. Europe wants to remain at the forefront of this sector, but risks being left behind if words are not matched by action, said EU Commissioner for Space and Defence Andrius Kubilius.
