EU joint funds gain support as leaders face defence needs


Polish prime minister Donald Tusk said new funding measures would be presented in time for an upcoming March 20-21 summit. — Bloomberg

LONDON: Discussions are gathering pace in the European Union or EU on how to increase defence spending, with joint financing becoming a realistic option for a growing list of leaders, according to people familiar with the matter.

French president Emmanuel Macron hosted fellow leaders in Paris on Monday, including the United Kingdom’s Keir Starmer and German Chancellor Olaf Scholz, to discuss ways to bolster Europe’s defence capacity.

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