France Pushes EU for Financing Plan to Drive Defense Spending
- France, Poland and Estonia call for adequate defense funding
- New paper renews idea of issuing joint debt to fund security
Photographer: Philippe Huguen/AFP/Getty Images
This article is for subscribers only.
France joined Poland and Estonia in calling on the European Union to mobilize “adequate” and “concrete” funding for defense programs and suggested an approach similar to what was used during the pandemic when joint bonds were deployed.
The European Commission will present a new defense strategy in the coming days that seeks to boost the bloc’s military purchases, but it so far hasn’t clarified how it will pay for the proposals, which include securing critical supplies, collaborative investments and resourcing projects such as integrated air and missile defense and deep sea reconnaissance capabilities.