EU Approves $170 Billion Defense Spending Plan ...Middle East

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EU Approves $170 Billion Defense Spending Plan
source : OILPRICE ( Middle East ) () 80
On May 27, the European Union formally approved its 150 billion-euro ($170 billion) scheme to boost defense spending in the bloc. The so-called SAFE (Security Action For Europe) regulation was first proposed in March by the European Commission in response to calls from member states for financial and political support to meet new defense targets pushed by NATO -- and to potentially step in for Ukraine should the United States shift its focus elsewhere. The final regulation, seen by RFE/RL before the approval, spells out clearly that “the…

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