EU Commission to activate fiscal escape clause to boost defence spending
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Euronews.com
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Ursula von der Leyen, the chief of the European Commission, announced plans to activate the escape clause in the EU's fiscal rules to enhance defense investments among member states. This proposal, discussed at the Munich Security Conference, aims to provide tailored solutions for each member state while addressing the need for increased defense spending, particularly in light of the ongoing conflict in Ukraine. The EU must invest approximately €500 billion in defense over the next decade, with discussions ongoing to raise NATO's defense spending target. The Commission will present a White Paper on Defense on March 19, outlining necessary military capabilities and financing options. Teljes cikk (Euronews.com)