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Reuters
Reuters
World

Europe must steer more military spending to joint projects -EU defence agency

FILE PHOTO: General view of the European Defence Agency headquarters in Brussels, Belgium March 4, 2020. REUTERS/Yves Herman

EU members are set to boost military budgets by up to 70 billion euros ($72.2 billion) by 2025 but a lack of project cooperation and purchases outside the bloc risk undermining efforts to create coherent forces, the European Defence Agency said.

The agency identified several critical gaps EU countries should work together to fill, such as long-distance air transport, aircraft carriers and tankers to provide fuel for war ships and high-end air defence systems.

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