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Tag: EU defense fund

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EU Leader Proposes Multibillion-Dollar Defense Industry Cooperation Fund

The European Union needs to set up a $109.8 billion fund for defense industry cooperation in the region, according to Thierry Breton, the bloc’s internal market commissioner. At an event hosted by Renew Europe on Tuesday, Breton said the defense fund will accelerate the EU’s weapons procurement effort. He added that the massive defense spending...