EU Considers Joint Defense Fund to Reduce US Dependence by 2030

Reuters reports that EU finance ministers will discuss launching the European Defence Mechanism (EDM), a joint intergovernmental fund, during a meeting in Warsaw. The proposed fund would acquire and own defense equipment, charging EU members for usage while offering loans to support procurement. The EDM could also include non-EU members like the UK and Ukraine, aiming to reduce European reliance on US military support by 2030. A Bruegel think tank paper emphasized that this model could promote a unified European defense market without inflating national public debts. The initiative represents a major step toward EU defense integration amid growing geopolitical uncertainty.

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