💨 Abstract

European Union leaders agreed to increase defense spending and address military capability gaps during a summit in Brussels. They aim to strengthen their defenses against threats, including Russia, and have discussed funding options such as national spending, EU's European Investment Bank, and private capital. The leaders did not reach a detailed agreement on funding, and the politically sensitive question of joint EU debt was avoided. EU countries spent an average of 1.9%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖