19 EU Leaders Call for Financial Support for the Defense Industry
January 31, 2025
Nineteen EU leaders, including the President of Cyprus and the Prime Minister of Greece, are requesting financial support for the defense industry through a joint letter. This letter was sent ahead of the European Council, emphasizing the need for reinforcement in light of ongoing security challenges in Europe. The leaders recommend reassessing lending rules to facilitate the growth of the security and defense sector. They believe the European Investment Bank should increase funding to address current and future challenges.