EU may have found extra billions for defense – FT ...News

Funds earmarked for supporting the bloc’s poorer members could reportedly be redirected for investment in the military The European Union may redirect tens of billions of euros earmarked for supporting its poorer member states to defense, the Financial Times reported on Tuesday, citing EU officials. The potential policy shift follows the election of Donald Trump as the next US president and calls for NATO members in the EU to boost their own defense spending as the Ukraine conflict continues. The money would come from the so-called Cohesion Fund, which is aimed at reducing economic inequality between EU countries.

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