EU foreign policy chief Josep Borrell has emphasized the need for an immediate increase in weapons production within the European Union, stating "The Russia war of aggression has brought a great sense of urgency to step up our industrial defence capacities." He highlighted the heightened sense of danger Europe faces today compared to two years ago when Russia first invaded Ukraine. This call to action is part of a broader push to enhance the EU's industrial defense capacities amid the ongoing Russian war of aggression. In parallel, Spain's Finance Minister Carlos Cuerpo has proposed that the European Union consider jointly borrowing to finance investments in economic security and defense. This suggestion aligns with the anticipated backing by EU leaders of a change in lending policy for the European Investment Bank, enabling it to finance defense projects.
Spain advocates for joint EU borrowing to strengthen defence, economic security https://t.co/6rtu0Wajz2 https://t.co/RDWYURchVm
🇷🇺🇺🇦⚡ Russian Air Defenses shoot down targets in the sky over the Belgorod region. https://t.co/K9oCya9fi7
EU LEADERS TO BACK CHANGE OF LENDING POLICY FOR EUROPEAN INVESTMENT BANK NEXT WEEK, SO THAT IT CAN FINANCE DEFENCE PROJECTS - DRAFT CONCLUSIONS
⚠️ EU SHOULD CONSIDER JOINT BORROWING FOR DEFENCE, ECONOMIC SECURITY -SPAIN Full Story → https://t.co/dJYdDqgeDX The European Union should consider jointly borrowing to finance investment in economic security and defence, Spain's Finance Minister Carlos Cuerpo said on… https://t.co/FOBmfv5eYT
"The Russia war of aggression has brought a great sense of urgency to step up our industrial defence capacities." EU foreign policy chief Josep Borrell says Europe faces even “more danger” today than when Russia first invaded Ukraine two years ago ⤵️ https://t.co/pdpt312RnM
Borrell calls for immediate increase in weapons production in the EU https://t.co/uXWD4jonEe https://t.co/2x51M7zfy7