National governments would retain control of military assets bought by a new European Defence Fund, under plans unveiled by the European Commission on Wednesday (30 November).
The proposed fund is to have two elements - a military research and development (R&D) budget worth about €500 million a year and a joint procurement budget worth €5 billion a year.
It would be steered by a “coordination board” made up by delegates from EU states, the EU foreign service, the commission, and...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.