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Poland pitches rearmament bank to boost Europe's defence spending

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EU leaders avoid controversy as they discuss defence spending options

The Commission estimates that the EU needs to invest €500 billion in the sector over the coming decade so that it can continue to support Ukraine but also ensure it is in a position to defend itself following decades of under-investments.

04/02/2025

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How’s the EU going to finance its defence boost?

On Monday, 3 February, an informal retreat will bring together the 27 leaders of the EU with the leaders of the UK and NATO, to discuss Europe’s much vaunted boost on defence.

03/02/2025

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EU leaders meet to discuss defence priorities as huge divisions remain

The EU needs to invest €500 billion over the coming decades to shore up its defence and kickstart its defence industries but member states remain divided over what and where to buy crucial equipment and how to finance it all.

02/02/2025

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EIB to invest €95bn in 2025, but only €2bn for defence

The EIB, the largest multilateral lender, will double its funding for defence and security from €1 billion to €2 billion by 2025. Its group president defends a proactive approach to both sectors within the bank's remit. "We are not a defence ministry," she said on Thursday.

30/01/2025

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Kubilius: Space is an EU top priority, but budget is still limited

In ten years, the global space economy could triple in size. Europe wants to remain at the forefront of this sector, but risks being left behind if words are not matched by action, said EU Commissioner for Space and Defence Andrius Kubilius.

28/01/2025

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Rolls-Royce subsidiary bags landmark UK nuclear submarine deal

Under the deal with the Ministry of Defence, the British engineering company will make nuclear submarine reactors for the Royal Navy.

24/01/2025

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Macron and Scholz call for a united Europe amid Trump's tariff threats

French President Emmanuel Macron and German Chancellor Olaf Scholz spoke in Paris of the challenge posed by US President Donald Trump.

22/01/2025

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Kallas: EU must spend more than 1% of GDP to 'prepare for the worst'

In 2024, member states collectively spent an average of 1.9% of GDP on defence, while Russia was spending 9%, Kaja Kallas told the audience of the European Defence Agency annual conference on Monday.

22/01/2025

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EU DECODED Will a European rush to rearm be properly funded?

The European Union wants to bolster defence in face of Russia's aggression on Ukraine and growing US demands for greater European financial support for NATO.

21/01/2025

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NATO to bolster Baltic military presence after power cables cut

NATO’s Secretary General Mark Rutte pledged to send drones, frigates and aircraft to the region as he highlighted a concerted campaign of 'cyber-attacks, assassination attempts and sabotage.'

14/01/2025

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European defence ministers say Trump’s 5% spending goal is unrealistic

US President-elect Donald Trump has called for NATO's 32 member states to spend 5% of their GDP on defence, up from the existing target of 2%.

14/01/2025

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Neutral Switzerland to join EU military mobility project

Switzerland will become a member of the EU's initiative to facilitate the mobilization of military forces and equipment, already including third countries such as the United Kingdom, the United States, Norway and Canada.

14/01/2025

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Scholz rejects Trump's 5% demand for defense spending

Other German politicians have equally rebuked US President-elect Donald Trump over his demand that NATO's European members should more than double their defence spending.

13/01/2025

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Defence ministers from largest EU countries hold talks on Ukraine aid

The meeting of the defence ministers from the EU's largest countries together with the deputy defence minister of Great Britain comes as Poland begins its rotating presidency of the EU and as Europe braces for the unpredictability of a new Donald Trump presidency.

13/01/2025

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NATO's defence needs more than 3% GDP target, says Rutte

The 32 NATO allies will likely decide to increase the defence spending benchmark from the current 2% of GDP during a summit in The Hague in June.

13/01/2025

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How can European rearmament be financed?

The member states are divided on joint arms purchases, joint borrowing and the need to buy European.

09/01/2025

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German politicians rebuke Trump over NATO defence spending demand

US President-elect Donald Trump said NATO member states should increase their defence spending to 5% of GDP and criticised Europe's contributions.

08/01/2025

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Lithuanian President touts 5% of GDP on defence in 'coming years'

EU leaders want to ramp up defence production and capacity but have so far been unable to agree on how to finance it.

19/12/2024

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German defence minister says he wants to grow armed forces further

As threats to Western Europe grow more pressing, the German military has been having difficulty attracting enough recruits.

19/12/2024

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EU Parliament political groups strike deal on four new committees

The mandates of the committees - which will scrutinise and report on legislative proposals - will now have to be voted on and given the final green light by the Parliament's plenary next Wednesday in Strasbourg.

13/12/2024