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Defence spending in Europe rose to €356bn last year, levels not seen since the Cold War (Photo: European Union)

EU leaders to consider 'all options' to boost defence finance

EU leaders agreed on Thursday (21 March) to explore "all options" for mobilising funding to boost Ukraine's military and Europe's defence industry during their summit in Brussels.

Faced with unabated Russian aggression and ever tighter budgets — as a consequence of self-imposed debt spending limits and restrictive monetary policy — EU heads of state and governments are looking for new sources of funding to buy weapons and other military equipment both lethal and non-lethal.

"We mu...

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

Defence spending in Europe rose to €356bn last year, levels not seen since the Cold War (Photo: European Union)

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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