Germany's court limits EU defense funding amid Russian threats
news.yahoo.com — July 27, 2024, 06:00 AM UTC
Summary: Germany's opposition to joint borrowing for European defense projects is influenced by its Federal Constitutional Court, which restricts new liabilities. The EU's defense needs, exacerbated by Russia's actions, could cost at least €100 billion ($108 billion). Despite calls for collaboration, Germany's Finance Minister Christian Lindner and Chancellor Olaf Scholz oppose eurobonds for defense financing, complicating efforts to enhance collective security in Europe.
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