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.
The United States has launched strikes on Iran late Tuesday near the Strait of Hormuz with Iranian state media reporting explosions in several...
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the...
Russia has rejected German allegations that Moscow was behind an attempted drone attack at Leipzig/Halle Airport, calling the claims “baseles...
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Leaders of the Shanghai Cooperation Organisation (SCO) have gathered in Bishkek for a summit focused on trade, investment and transport as the group marks 25 years since its creation.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Kyrgyzstan is hosting the sixth World Nomad Games, bringing together thousands of athletes from around the world for a celebration of traditional sports, cultural heritage and nomadic traditions.
The United States has launched strikes on Iran late Tuesday near the Strait of Hormuz with Iranian state media reporting explosions in several areas including Bandar Abbas and Qeshm Island.
Russia has rejected German allegations that Moscow was behind an attempted drone attack at Leipzig/Halle Airport, calling the claims “baseless”, as Russian air attacks killed at least 12 people in Kyiv and the surrounding region earlier on Tuesday.
China used this week's Shanghai Cooperation Organisation summit to deepen ties across Central Asia, turning a largely symbolic multilateral gathering into a series of bilateral agreements and modest progress toward a long-discussed SCO Development Bank.
Türkiye has drawn up a plan to restore safe grain shipments through the Black Sea and is discussing the proposal with both Moscow and Kyiv, its foreign minister Hakan Fidan said on Monday.
Uzbekistan's President Shavkat Mirziyoyev has held a series of bilateral meetings on the sidelines of the Cooperation Organisation summit in Bishkek, with China, Russia, Pakistan, the United States and the United Nations among the key partners on Uzbekistan’s agenda.
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