EU finance ministers are considering the establishment of the European Defence Mechanism (EDM) for defense-related lending and cooperation with non-EU countries. The proposal aims to centralize defense procurement to reduce costs and improve financing. The EDM could support frontline members through interest-free loans and is designed to address current gaps in EU defense funding. Bruegel researchers suggest expanding existing bodies and creating new instruments to strengthen European defense capabilities amid declining US support. Full article (Euronews.com)