EU Legislators Back Defense Industrial Funding Boost
- Poland plans to request an exemption from EU borrowing limits to sustain defense spending, according to Polish Finance Minister Andrzej Domanski.
- The European Commission aims to boost EU defense investment by 650 billion euros over the next four years to deter a potential Russian invasion.
- EU finance ministers are exploring various funding options for defense, but discussions are expected to take time, according to Domanski.
- Domanski expressed doubt on whether the planned funding will meet Europe's defense needs, indicating 'it's not enough.
11 Articles
11 Articles
Revitalizing the Defense Industrial Base for the 21st Century
During World War II, the United States earned the title “Arsenal of Democracy” by mobilizing a vast defense industrial base that delivered the equipment needed to defeat the Axis Powers. Today, that industrial base is a shadow of its former self—no longer capable of producing the volume of weapons likely required to deter or defeat America’s adversaries. Rebuilding it is not only a national security imperative, but also a profound economic oppor…
Poland likely to apply for EU leeway on defence spending, but worried others won't
WASHINGTON - Poland is likely to ask the European Commission next week for an exemption from European Union borrowing limits to keep up large defence spending in coming years without breaking EU rules, but is worried that others won't do so, Polish Finance Minister Andrzej Domanski said on Thursday. Read more at straitstimes.com.
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