EU scrambles to replenish arms stockpiles ...News

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EU scrambles to replenish arms stockpiles
A €500 million plan will allow EU members to jointly buy weapons and save money In what it called a “historic step,” the European Commission agreed on Tuesday to a €500 million ($512 million) plan that would allow EU members to jointly procure weapons to address the urgent need to replenish a defense products deficit stemming from the Ukraine conflict. The proposal is supposed to incentivize at least three EU members to buy weapons jointly, the body said in a statement. It also seeks to avoid competition among the bloc’s members for the same products and facilitate cost savings. The measure is expected to be finan

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