EU Defence Budget Could Be Cut

EU Defence Budget Could Be Cut 13 May, 2020

With the uncertainty created by the coronavirus in the economy, it is a question of where resources will be transferred in the budgets to be determined in the coming period.

The European Union's defence fund budget of billions of euros is thought to be disrupted due to COVID-19. The European Commission is expected to present its budget proposals next week, according to EU officials and politicians. While the trillion-euro plan to offset the economic contraction is on the agenda, there are pessimistic views for the future of the defence share in the 2021-2027 budget.

Jiri Sedivy, the new Director General of the European Defence Agency told Reuters, "Given that defence budgets have just been spared from the financial shock a decade ago, this is particularly disappointing."

Tags : agency budget defence director european euros new period while
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Issue 86