March 18, 2025 14:35 GMT
MNI BRIEF: EU Will Prioritise Local Firms In Rearming - VDL
MNI (LONDON) - The European Union will prioritise investment in European firms to help develop an industrial base, European Commission president Ursula Von der Leyen said in a speech in Copenhagen on Tuesday.
Investing in European firms is one of the targets in the document ‘Readiness 2030’ that the EC will present on Wednesday that will draw the priorities in the EUR 150 billion plan and fiscal rules exemptions for boosting the continent defence.
The plan also contemplates increasing support for Ukraine to become “strong enough to be indigestible for potential invaders” and also support to join the EU and learn from its defence industry. (see MNI INTERVIEW: EU Summit To Decide On Defence Boost Options )
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