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EU finance ministers to discuss joint gear funding
Cape Argus
|April 08, 2025
European Union finance ministers will discuss this week the setting up of a joint intergovernmental defence fund that would buy and own defence equipment, and charge members a fee for its use, a paper prepared for the ministers' discussions showed.
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The paper, drafted by the Bruegel think tank, was commissioned by the Polish presidency of the EU and could generate larger defence funding without boosting national public debt levels - a worry of many high-debt countries.
The paper is part of an EU discussion on how to finance preparations against a potential attack from Russia as European governments realise they can no longer fully rely on the US for their security.
Dit verhaal komt uit de April 08, 2025-editie van Cape Argus.
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