10 minutes agoRescue clause, 16 EU nations to use for military spending
Periskopi(a year ago)
(a year ago)More than half of EU member states intend to implement an exclusion maneuver aimed at increasing military spending. The European Commission proposed earlier in the year that members use an emergency clause to spend up to 1.5 percent of GDP in defence investment during the 4 years [...]
The European Commission proposed earlier in the year that members use an emergency clause to spend up to 1.5 percent of GDP in defence investments over the next four years, without violating deficit and public debt regulations.
The movement comes after the Trump administration suggested that Europe should pay more to protect itself, at a time of uncertainty caused by Russia's aggression in Ukraine.
Germany and Poland lead the group of countries that intend to make the move, the European Commission office announced through a press release.
Hungary and Slovakia, whose governments are considered pro-Russian, are also on the list. While the rest of the member states, which have sought to activate the so-called “labele of rescue” includes: Belgium, Denmark, Finland, Estonia, Latvia, Lithuania, Greece, Portugal, Slovenia, the Czech Republic, Croatia and Bulgaria.
The clause may allow countries in question to cross budgetary limits and spend hundreds of billions of dollars on re-armament of the old continent by 2030.
Although military expenditures within the EU increased by 31 percent since 2021, many member states are keen to increase them further. /Periscope/
