Reuters article on the Proposed EU Defence Industry Package

An article by Andrew Gray and Bart H. Meijer of Reuters covered the European Commission plans to boost the EU’s defence industry with a proposed package of 1.5 billion euros as incentives for countries to buy from European firms.

The authors note that “[a]larmed by Russia’s war in Ukraine and bellicose rhetoric from Moscow towards the West, EU countries have sharply increased defence spending in recent years. Much of that money has gone to companies outside Europe.”

The article quotes ASD Secretary General, Jan Pie’s reaction to the proposals: “"Speed and financial resources will be crucial for their implementation.”