Eurogroup President Paschal Donohoe expresses confidence in reaching an agreement on the Capital Markets Union on Monday. Donohoe states that European Union member states will initially finance their defense needs individually, with potential bloc-wide instruments in the future. He also anticipates Bulgaria joining the euro in 2025. A 2019 report from IISS highlights the challenges in European defense funding without US support.
From a 2019 @IISS_org paper on Europe defence w/out US. "If the funding to meet shortfalls were available, the IISS assesses that the recapitalisation across the military domains would take up to 20 years, with some significant progress around the ten- and 15-year marks." !!!
EU member states will finance their defense needs individually in the short term, though there may be bloc-wide instruments in the longer term, Eurogroup President Paschal Donohoe says https://t.co/E4uXVsEphJ
Eurogroup chief Donohoe says he’s looking forward to Bulgaria joining the euro in 2025 https://t.co/vAJnMQ2RS9 via @flacqua @GoodOldSlav @JanHanDun https://t.co/tg1WWdq1w7
EU defense to be financed nationally in the short term, Donohoe says https://t.co/M41UrEEUVQ via @flacqua @JanHanDun https://t.co/aEn4Bly0c4
UE member states will finance their defense needs individually in the short term, though there may be bloc-wide instruments in the longer term, Eurogroup President Paschal Donohoe says https://t.co/jPpICdNmLl
Eurogroup’s Donohoe says confident on CMU agreement on Monday https://t.co/5vfBF4NlOT via @flacqua @JanHanDun https://t.co/UDwie31BSf