Poland to prioritise joint EU defence funding during its presidency, urging unity on security as a shared European goal. Ministers to explore funding options in April.
Poland will prioritise joint EU financing for defence during its upcoming presidency of the 27-nation bloc, highlighting security as a shared European responsibility, Finance Minister Andrzej Domanski announced on Wednesday.
The European Commission estimates that enhancing EU defence capabilities could cost over €500 billion within the next decade.
In April, EU finance ministers will meet in Warsaw to explore funding models. Domanski emphasised the need for a unified European approach, particularly for large-scale projects like a European air defence system, which require both funding and international cooperation.
He also called for greater efficiency, criticising Europe’s 12 separate tank systems as excessive. Potential financing solutions include leveraging the EU’s long-term budget for new borrowing, similar to the €800 billion COVID-19 recovery fund, or establishing a special purpose vehicle (SPV) with paid-in capital, akin to the European Stability Mechanism. The SPV option could involve non-EU nations, such as Britain and Norway, and keep control with governments rather than the European Commission.
Germany’s legal constraints on joint debt and the need for unanimous agreement among EU members present challenges. The financing needs will become clearer after EU Defence Commissioner Andrius Kubilius publishes a report in March outlining key priorities. However, discussions remain preliminary, with Domanski acknowledging that it is too early to decide on a specific model.
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Two construction workers were critically injured Friday when suspected World War II-era ordnance exploded at a site near Slovenia’s capital, Ljubljana, police said.
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A massive explosion at Shahid Rajaee Port in southern Iran on Saturday killed at least four people and injured nearly 600 others, officials said, prompting an urgent government investigation.
Two construction workers were critically injured Friday when suspected World War II-era ordnance exploded at a site near Slovenia’s capital, Ljubljana, police said.
Turkish Foreign Minister Hakan Fidan is set to visit Qatar on Sunday to discuss ways to deepen bilateral ties and coordinate on key regional matters, continuing the momentum from recent diplomatic exchanges.
Top Iranian and U.S. negotiators began a new round of indirect talks on Saturday in Muscat, seeking to broker a deal to curb Tehran's nuclear programme, as President Donald Trump expressed optimism about reaching an agreement.
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A massive explosion at Shahid Rajaee Port in southern Iran on Saturday killed at least four people and injured nearly 600 others, officials said, prompting an urgent government investigation.
Saudi Arabia on Friday unveiled its annual report highlighting the Kingdom’s advancements toward achieving the ambitious goals of Vision 2030 during the year 2024.
Two construction workers were critically injured Friday when suspected World War II-era ordnance exploded at a site near Slovenia’s capital, Ljubljana, police said.
Turkish Foreign Minister Hakan Fidan is set to visit Qatar on Sunday to discuss ways to deepen bilateral ties and coordinate on key regional matters, continuing the momentum from recent diplomatic exchanges.
Top Iranian and U.S. negotiators began a new round of indirect talks on Saturday in Muscat, seeking to broker a deal to curb Tehran's nuclear programme, as President Donald Trump expressed optimism about reaching an agreement.
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