EU plans sharp increase in defense spending

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According to Financial Times, Brussels is getting ready to unveil plans for a sharp increase in spending on cyber security, military ships, and unmanned technologies.

The proposal of the European Commission was presented on Wednesday, November 30, as the result of decisions made by member countries to deepen coordination in the field of defense against terrorist and other external threats.

The project, presented by the Vice President of the EC Jyrki Katainen, also refers to the further standardization of military equipment, space programs of the EU security and defense purposes, as well as investments in cyber-security and intelligence data gathering.

The publication links the increase to the EU military budget with the statements of U.S. president-elect Donald Trump, who demanded that the European allies to increase military spending.

It was noted that the United States invest in defense more than twice as much as EU member countries. NATO Secretary General Jens Stoltenberg has repeatedly called on European states to increase defense spending to 2% of their GDP.

Source: eurointegration.com.ua