The European Commission's highly-anticipated White Paper on Defence plans for member states to start pouring hundreds of billions of euros into the sector before the end of the year but largely fails to outline innovative and common financing opportunities.
The White Paper, released on Wednesday, broadly rehashes the Commission's ReArm Europe proposal unveiled two weeks ago that could see member states mobilise up to €800 billion for defence over the next four years by notably, pooling orders and procuring equipment together.
