'I am willing to explore the full range of flexibilities in the stability and growth pact to allow for significantly more public funding,' said EU Commission president Ursula von der Leyen (r) (Photo: EU Commission)

Looser fiscal rules on the table as EU ramps up defence

EU Political

by Wester van Gaal,

National leaders met in Brussels for an informal summit on Monday (3 February) to discuss ways to boost its defence capabilities.

The EU is looking to ramp up its defence spending, with the goal of increasing it to €500bn in the next decade, up from €8bn during the previous six-year period.

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EU Political

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.