“The European Union prepares a large -scale defense initiative, the largest since the Cold War, planning to allocate hundreds of billions of euros for strengthening security, for this purpose, they consider three parts. Source: “European Truth” with reference to material in Bloomberg The direct language of the President of the European Commission Ursula von Der Lyen: “At this point, which happens once by generation, we need” urgent thinking “and a strategic plan for re -equipment of Europe.””, – WRITE: www.pravda.com.ua
Source: “European Truth” with reference to material in Bloomberg
Direct language The President of the European Commission Ursula von der Lyen: “At this point, which happens to generations, we need” urgent thinking “and a strategic plan for re -equipment of Europe.”
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Details: The new security system will start to form at an urgent meeting of EU leaders on March 6. Then, on March 19, the Defense Commissioner Andrews Kubilus and Kai Callas Diplomacy will present a new strategy for the defense industry. By that time, negotiations to increase the block resources will continue.
According to Bloomberg, the Defense Finance Plan of Fon Der Lien will consist of three elements. They are all complex, and it is unclear to the extent they will be implemented, the sources of the agency say.
The first part of the plan will allow EU countries to spend more, softening fiscal rules. According to some officials, it can help attract up to 160 billion euros.
Negotiations focus that defense costs are not taken into account when calculating the budget deficit. It should be agreed on what to consider defensive costs, how long this rule will apply and whether it will affect the achievement of NATO goal – defense costs at 2% of GDP.
The second part involves creating a new tool for sharing EU levels. These funds will be aimed at investing in joint areas in areas such as air defense, long -range strikes, missiles, drones and military artificial intelligence.
Some high-ranking EU officials and Member States offer the idea of common borrowing, but this issue raises disputes and differences in the European Union.
The third part of the plan concerns the weakening of investment restrictions for the European Investment Bank, which can now invest only in dual -use goods. This will attract more funding, including private banks.
In addition, during closed discussions, von Der Lien proposed the idea of redistribution of EU unspent funds, including money collected for recovery after the Covid-19 pandemic.
Recall:
- On February 24, Ursula von Der Lyen announced in Kiev, which would present a plan to increase European weapons production, which will benefit Ukraine.
- And the German edition of Berliner Zeitung reported that the EU is discussing a large -scale plan for increasing defense costs and assistance to Ukraine, which may be reached about 700 billion euros.
Read also: Re -Arrangement without the US: Three mechanisms that will give Europe additional funds for defense