How does the EU plan to finance its defence boost? | Radio Schuman
US President Donald Trump has triggered Europe to seek less reliance on Washington for its security.
How will NATO allies increase defence spending beyond 2%?
Today Radio Schuman dives into European defence together with Euronews reporter Paula Soler.
European NATO and EU countries agree on increasing defence spending beyond 2% of GDP but disagree on how to achieve it. Some advocate joint borrowing for large defence projects, while others believe planning should remain in the hands of individual nations.
At the Munich Security Conference, European Commission President Ursula von der Leyen proposed exempting defence spending from EU fiscal limits. EU finance ministers are debating this alongside other options, such as joint bonds, repurposing post-pandemic funds, boosting European Investment Bank lending and creating a re-armament bank.
Radio Schuman also discusses today’s meeting in Saudi Arabia between Russia and the US, and spotlights the expansion of so-called ‘micro-forests’ in cities.
