EU ministers to discuss joint borrowing for defence, use of existing funds


FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, April 20, 2016. REUTERS/Francois Lenoir/File Photo

BRUSSELS (Reuters) - European Union finance ministers will discuss on Monday how to pay for defence through new joint borrowing, existing EU funds and a greater role for the European Investment Bank, with a view to decisions in June, the Polish EU presidency said.

In an invitation letter to the ministers, Andrzej Domanski, the finance minister of Poland, which chairs EU meetings, said the talks would follow up on decisions by EU leaders last Thursday to explore these sources of financing.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Former Taipei mayor sentenced to 17 years in corruption case
Address root causes of Middle East conflict, Malaysia says at UNHCR meet
Area near one of Russia's biggest oil refineries damaged by Ukrainian drones, official says
Bus falls into river while boarding ferry in Bangladesh, leaving 24 dead
Analysis-Maduro case to test US narcoterrorism law with limited trial success
Panel wants prosecution of ousted Nepal PM over violence in Gen Z protests
Indonesia military officer steps down following acid attack on activist
Tehran rejects US claims of ‘ongoing, productive’ negotiations
Russian attacks kill two in Ukraine's Kharkiv, damage infrastructure on the Danube
Democrats, Republicans trade blame as major U.S. airports continue to see hours-long security lines

Others Also Read