17/02/2026 (Agence Europe) – On Tuesday 17 February, the Council of the European Union authorised Austria to activate the national escape clause of the Stability and Growth Pact to allow Vienna to increase its annual military spending by up to 1.5% of national GDP over the period 2025-2028 (see EUROPE B13808A28). This decision will allow “a smooth transition to higher defence spending while safeguarding fiscal sustainability”, according to the current President of the Ecofin Council,...