EU defense plan, joint purchases and more funds

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EU defense plan, joint purchases and more funds

Joint purchases of weapons and more funds to accelerate production in Europe . These are the key points of the new EU strategy for the defense industry that the European Commission is preparing to unveil on 5 March.
According to the latest draft seen by ANSA, Brussels intends to propose a joint weapons purchase program guaranteeing VAT exemptions to the countries. Also envisaged is a Defense Investment Plan (EDIP) – which, as far as we know, should be worth at least 1.5 billion euros until 2027 – and a central role for the EIB. The scheme, which is still subject to change, does not currently make reference to Eurobonds.

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