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EU plans significant increase in defence spending

The European Union is set to significantly increase its defence spending, allocating Euro 800 billion (USD 868 billion) over the next four years.
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Brussels [Belgium], March 21 (ANI/WAM): The European Union is set to significantly increase its defence spending, allocating Euro 800 billion (USD 868 billion) over the next four years.

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This includes Euro 150 billion in loans for weapons projects and exemptions from EU debt rules for defence investments.

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During their summit in Brussels today, EU leaders agreed to take all necessary steps to enhance European defence readiness by 2030, according to several participating delegations. (ANI/WAM)

(The story has come from a syndicated feed and has not been edited by the Tribune Staff.)

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defence investmentsdefence spendingdelegationsEU
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