EU discusses joint fund to buy defence gear
European Union finance ministers will discuss this week the setting up of a joint intergovernmental defence fund that would buy and own defence equipment, and charge members a fee for its use, a paper prepared for the ministers' discussions showed.
The paper, drafted by the Bruegel think tank, was commissioned by the Polish presidency of the EU and could generate large defence funding without boosting national public debt levels - a worry of many high-debt countries.
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