On Wednesday 19 March, the European Commission set out the broad lines of its ‘ReArm Europe’ plan, published at the beginning of the month, and the various tools available to support defence spending by the EU27 (see EUROPE B13592A1).
A number of texts need to be adopted to enable Member States to mobilise the necessary funds for the defence sector over the next four years, starting with one that provides for a joint loan of €150 billion, backed by the European budget.