In a study commissioned by the Polish Presidency of the EU Council with a view to the informal meeting of major European finance ministers in Warsaw, on Friday 11 and Saturday 12 April, the Bruegel think tank recommends the creation of an intergovernmental structure open to European countries that are not members of the European Union, as one of two options being studied for the establishment of a European defence financing mechanism.
Called the ‘European Defence Mechanism’ (EDM),...