EU ministers to discuss joint borrowing for defence, use of existing funds

From brecorder.com

European Union finance ministers will discuss on Monday how to pay for defence through new joint borrowing, existing EU funds and a greater role for the European Investment Bank, with a view to decisions in June, the Polish EU presidency said. In an invitation letter to the ministers, Andrzej Domanski, the finance minister of Poland, which chairs EU meetings, said the talks would follow up on decisions by EU leaders last Thursday to explore these sources of financing. European countries are hastening to boost defence spending and maintain support for Ukraine after US President Donald Trump froze US military aid to ... (full story)