EU ministers push for joint defence fund to secure a more self-reliant Europe
European Union finance ministers are preparing to explore an ambitious new initiative that could mark a turning point in the bloc's approach to collective security.
At the heart of this week's discussion is the proposed European Defence Mechanism (EDM) – a joint fund designed to reshape how Europe procures, funds, and manages its military capabilities, while reducing its long-standing dependence on the United States.
The proposal, which will be discussed at an informal gathering of EU finance ministers in Warsaw this week, lays out a framework for a shared defence fund that would purchase and own military equipment, offering member states access for a usage fee.
Crucially, the EDM would operate outside national budgets, easing concerns among high-debt countries like Italy, Greece, and France about increasing public debt.
The concept, though developed by the Bruegel think tank, has been picked up with growing interest by policymakers across Europe.
Commissioned by the Polish presidency of the EU, the plan is gaining traction at a time when European leaders are acutely aware of the need to bolster their own defences in light of Russia's ongoing aggression and a shifting transatlantic security landscape.
One of the most notable features of the EDM is its potential inclusivity.
Read more on RFI EnglishRead also:France's Dassault says stepping up Rafale warplane outputFrance remains world's second largest arms exporter behind USFrench, UK military chiefs discuss options to strengthen Ukraine's army
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With over 80+ KPIs at the country level, this report provides a comprehensive understanding of prepaid card and digital wallet market dynamics, market size and forecast, and market share Card Market Analysis Metrics Assessed: The study examines the prepaid card market through various lenses, including transaction value, transaction volume, average transaction value, load value, and the total number of cards in circulation. Card Types: A distinction is made between open-loop and closed-loop prepaid cards, providing insights into their respective market shares and growth trajectories. Usage Categories: The report segments the prepaid card market into various categories such as general-purpose cards, business and administrative expense cards, travel forex cards, and meal cards. 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We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Polish Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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