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This paper covers possible defence financing and spending options under the European economic governance framework by reviewing the proposal for a ReArm Europe plan floated by the President of the Commission Ursula von der Leyen. The paper also analyses flexibilities under the EU budget, EIB and ESM financing while also assessing potential market challenges and public procurement. This paper has been updated with information from the European Commission's White Paper for European Defence Readiness ...

Once considered an issue of the past, conscription has increasingly made its way back onto European, EU and global policy agendas in recent years, mainly since Russia's invasion of Ukraine in 2022. As EU defence policy has steadily progressed, with new procurement initiatives and defence industry reinforcement, a parallel discussion on the EU's armed forces is evolving in the context of the EU's common security and defence policy (CSDP). Europe's civilian and military preparedness and readiness has ...

The emergence of EU defence ETFs

ü󾱳ٳܳٱܲٳܲ 19-03-2025

The European Union's defence industry requires a major increase in private investment due to the evolving geopolitical landscape. The emergence of new EU defence exchange-traded funds (ETFs) that hold shares in the underlying companies could encourage this investment and provide EU defence firms with dearly needed capital.

Plenary round-up – March 2025

ü󾱳ٳܳٱܲٳܲ 14-03-2025

The future of European Union defence unsurprisingly topped the March 2025 plenary session agenda. Members held a debate on Europe's security architecture and the EU's unwavering support for Ukraine, in the presence of the Presidents of the European Council, and European Commission. Debates also took place on the conclusions of the 6 March special European Council meeting and preparation of the regular meeting on 20 21 March 2025. Members marked International Women's Day with addresses from guests ...

This study first analyses the existing European security architecture, as it has emerged since World War II. It does so from an organisational perspective, looking at NATO, the OCSE and EU defence policy, as well as from a series of national country perspectives, trying to find underlying motives for national defence policies. After looking at recent policy responses to the Russian invasion of Ukraine in the pivotal years since 2022, five scenarios for a possible future European security architecture ...

In a context of high uncertainty on the future of European security, EU leaders held a special European Council meeting on 6 March 2025 to discuss common action aimed at enhancing Europe's sovereignty in the field of defence as well as to reiterate their unwavering support to Ukraine in light of the latest developments. The EU-27 took significant steps to accelerate defence preparedness, agreeing in particular on new instruments to finance defence investment at multiple levels. Regarding Ukraine, ...

European Union leaders met in Brussels on 3 February 2025, for their first-ever meeting dedicated solely to defence issues. In the current challenging geopolitical context, the purpose of this first meeting of EU Heads of State or Government in 2025 - described as an 'informal retreat' - was to make 'progress in discussions on building the Europe of defence'. The 'frank, open, and free discussion' covered three main issues: i) defence capabilities, ii) financing EU defence priorities, and iii) strengthening ...

The Strategic Compass, adopted by the 27 EU Member States in March 2022 – only weeks after the onset of Russia's unjustified and unprovoked aggression on Ukraine –emphasised the need for robust partnerships, for the EU to be able to achieve its objectives in the area of security and defence. Alongside 'acting' (operations), 'securing' (resilience) and 'investing', 'partnering' is one of the four main pillars of the Compass. The document itself outlines specific targets and deadlines to measure progress ...

Building a European defence union is at the top of the EU's policy agenda. It is essential to preserving the security and wellbeing of EU society from current and future geopolitical threats. A reflection on the efficiency and quality of defence spending is a crucial first step in this process. Based on research carried out for the European Ϸվary Research Service, this report investigates the potential gains from deeper European cooperation on defence spending that leverages the continent's ...

EU civilian and defence preparedness

ü󾱳ٳܳٱܲٳܲ 11-11-2024

On 14 November, former Finnish President Sauli Niinistö is due to present his report 'Safer Together: Strengthening Europe's Civilian and Military Preparedness and Readiness' to Ϸվ in plenary. The European Commission President requested the report in March 2024, and it was published on 30 October.