EU Should Consider Defense Bonds to Boost Sector, Michel Says
- EU defense bonds could emerge as ‘a new asset class’
- Commission chief von der Leyen wants more EIB support
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The European Union should consider issuing defense bonds to boost financing of the defense industry as Russia’s war in Ukraine drags on, according to Charles Michel, the head of the European Council.
“Financing European defense is in our common interest and it involves both public and private money,” Michel, who chairs summits of EU leaders, said in a speech Thursday. “These EU bonds could emerge as a new asset class, including for retail investors.”