EU chief says member countries must use a new defense loan to buy European, not American

Deutsche Welle

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Can Europe's arms industry challenge US market dominance?

For years, the topic of European defense spending barely registered in most EU capitals. Now it is a primary concern. From the EU's announcement of €150 billion ($163.5 billion) worth of loans to spend on weapons, to Germany's likely next leader, Friedrich Merz, channelling his inner Mario Draghi and vowing to do "whatever it takes" to bolster Europe's defense, there has been a dramatic sea change of late, however. The shift comes amid renewed f…

Lietuvos Radijas ir Televizija

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The European Investment Bank (EIB) is expected to decide next week to finance the construction of a military camp in Rudninkai, Finance Minister Rimantas Šadžius said. According to the minister, on March 21, the EIB Board of Directors will decide to participate in an important military infrastructure project for the Bundeswehr brigade in Lithuania.

Le Monde

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TRIBUNE. Marked by the failure of the European Defence Community in 1954, the European Union has no army, because it has no common strategic vision that would transcend that of the Member States, recalls researcher Christophe Degryse in a forum in the "World".

Bloomberg

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Lagarde Says Era of Shocks Makes ECB’s Inflation Job Harder

European Central Bank President Christine Lagarde said abrupt shifts in global trade and the region’s defense architecture will make it harder to keep inflation stable.

Frankfurter Allgemeine

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The EU wants to close military skills gaps and takes a lot of money into its hands, but in important areas it will take many years to develop its own weapons systems.

Український мілітарний портал

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European Banks Continue to Shun Defense Industry

European politicians are calling for an urgent review of rules and procedures to speed up financing for arms manufacturers.