News Summary

Author: Unknown
Published on: 09/01/2025 | 00:00:00

AI Summary:
The threat from Russia and the prospect of an American isolationist retreat are looming too large for Europe to ignore. Despite their various fiscal headaches, the member states have put their hands in their pockets since the large-scale Russian invasion of Ukraine. Joint purchasing and production Various solutions are on the table to finance the continent's defence, among them joint production and arms purchases. But the specific needs of member states in terms of armaments sometimes stand in way of this form of cooperation. One way to finance these efforts would be joint borrowing, also known as Eurobonds. If conditions change or something happens in the Indo-Pacific or Taiwan, Europeans won't have priority. The EU's role has been and still is limited: defence remains the exclusive competence of the member states.

Original: 503 words
Summary: 137 words
Percent reduction: 72.76%

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