Twelve European Union member states have asked Brussels to trigger the “national escape clause” in EU fiscal rules, aiming to raise defence spending without facing budget penalties, the European Commission said on Wednesday.
The clause would allow countries to exceed the usual 3% deficit threshold, granting them room to increase defence budgets by up to 1.5% of GDP annually over four years. The proposal comes amid growing pressure to strengthen Europe's military capabilities.
Countries making the request include Belgium, Denmark, Estonia, Finland, Germany, Greece, Hungary, Latvia, Poland, Portugal, Slovakia and Slovenia. A spokesperson for the Polish EU Council presidency said four more nations plan to apply soon.
The Commission will now review each submission. Economy Commissioner Valdis Dombrovskis said the goal is to support higher defence investment while ensuring fiscal responsibility.
The move reflects a shift in EU priorities as geopolitical risks mount and defence becomes a growing part of national budgets.
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Torrential downpours have triggered deadly mudslides and widespread flooding in southern Peru, leaving at least seventeen people dead - including fift...
The U.S. ambassador to France, Charles Kushner, has been banned from meeting members of the French government after not showing up at the Foreign Affa...
Thailand and the United States, alongside 28 partner nations, began Southeast Asia’s largest and longest-running military exercise, the 45th Cobra G...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th of February, covering the latest developments you need to...
U.S. President Donald Trump’s new 10% global tariffs have come into effect, hours after the Supreme Court blocked many of his sweeping import taxes in a 6–3 ruling. Allies around the world are weighing possible retaliation, while markets brace for further upheaval.
Torrential downpours have triggered deadly mudslides and widespread flooding in southern Peru, leaving at least seventeen people dead - including fifteen killed in a military helicopter crash - as hundreds of districts across the country remain under a state of emergency.
The U.S. ambassador to France, Charles Kushner, has been banned from meeting members of the French government after not showing up at the Foreign Affairs ministry, where he had been summoned over comments on the killing of a French far-right activist last week, diplomatic sources said on Monday.
Thailand and the United States, alongside 28 partner nations, began Southeast Asia’s largest and longest-running military exercise, the 45th Cobra Gold, on Tuesday (24 February) in Rayong province, Thailand.
Italy said a fond farewell to the Winter Olympics on Sunday with an open-air ceremony in the ancient Verona Arena that celebrated art and sporting achievement at a Games lauded as a model for how to stage such events.
The United States and Iran will hold a new round of nuclear negotiations in Geneva on Thursday as part of renewed diplomatic efforts to reach a potential agreement, Oman’s Foreign Minister Badr Albusaidi announced on Sunday.
Further Iran-U.S. nuclear talks are scheduled in Geneva on Thursday (26 February) as diplomacy resumes over Tehran’s nuclear programme following earlier mediation efforts. But will the talks move Iran-U.S. negotiations closer to a deal, and what should be expected from the meeting?
Mexican authorities said on Sunday that Nemesio Oseguera Cervantes, known as El Mencho and head of the Jalisco New Generation Cartel (CJNG), was killed during a military operation in the western state of Jalisco.
Syria has secured a $50 million financing package from the World Bank to support transport infrastructure projects as the country advances its economic recovery efforts, Syrian media reported on Sunday.
U.S. President Donald Trump’s new 10% global tariffs have come into effect, hours after the Supreme Court blocked many of his sweeping import taxes in a 6–3 ruling. Allies around the world are weighing possible retaliation, while markets brace for further upheaval.
Torrential downpours have triggered deadly mudslides and widespread flooding in southern Peru, leaving at least seventeen people dead - including fifteen killed in a military helicopter crash - as hundreds of districts across the country remain under a state of emergency.
The U.S. ambassador to France, Charles Kushner, has been banned from meeting members of the French government after not showing up at the Foreign Affairs ministry, where he had been summoned over comments on the killing of a French far-right activist last week, diplomatic sources said on Monday.
Thailand and the United States, alongside 28 partner nations, began Southeast Asia’s largest and longest-running military exercise, the 45th Cobra Gold, on Tuesday (24 February) in Rayong province, Thailand.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 24th of February, covering the latest developments you need to know.
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