Friday

29th Mar 2024

Ticker

EU to spend billions on encrypted software and drone technology

The EU commission on Wednesday presented plans to spend more money on defence and security in the next long-term EU budget 2021-2027. A €13bn European Defence Fund will be invested in areas such as encrypted software and drone technology. A new €10.5bn European Peace Facility, will be set aside to improve the EU's ability to prevent conflicts, build peace and guarantee international security.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us