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MNI: EU Eyes National Escape Clauses To Boost Defence Spending

EU officials point to ways to boost defence spending permitted by the bloc's fiscal rules.

MNI (BRUSSELS) - The European Commission is likely to allow member states to use national escape clauses to the bloc’s fiscal rules in order to make significant increases to defence spending beyond stipulated borrowing limits, officials in Brussels told MNI.

While Commission President Ursula von der Leyen mooted the idea of applying maximum flexibility in interpretation of the rules regarding defence spending in a speech in Munich on Friday, she left it unclear as to whether she meant a wholesale general escape clause or the newer national escape clauses.

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MNI (BRUSSELS) - The European Commission is likely to allow member states to use national escape clauses to the bloc’s fiscal rules in order to make significant increases to defence spending beyond stipulated borrowing limits, officials in Brussels told MNI.

While Commission President Ursula von der Leyen mooted the idea of applying maximum flexibility in interpretation of the rules regarding defence spending in a speech in Munich on Friday, she left it unclear as to whether she meant a wholesale general escape clause or the newer national escape clauses.

Keep reading...Show less