💨 Abstract

Twelve EU countries have requested to bypass EU deficit rules to increase defense spending, with the European Commission proposing a 1.5% GDP increase each year for four years. The countries involved include Belgium, Denmark, Estonia, Finland, Germany, Greece, Hungary, Latvia, Poland, Portugal, Slovakia, Slovenia, and potentially four more. The Commission will assess these requests to facilitate higher defense budgets while maintaining sound budget policies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖