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Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.
EU capitals have agreed to launch a €150bn loans-for-arms fund backed by the bloc’s shared funds, in a landmark shift for Brussels spurred by Russia’s struggle towards Ukraine and US President Donald Trump’s calls for for Europe to spend extra by itself safety.
The initiative, which can permit EU nations to borrow from Brussels and spend on weapons techniques and platforms by means of joint procurement, was proposed by the European Fee earlier this yr as a way to hurry up the continent’s rearmament.
It secured political settlement from capitals on Monday morning, three officers accustomed to the choice informed the Monetary Occasions, after months of haggling over the main points of how the cash may be spent. It will likely be formally agreed on Wednesday, the officers mentioned.
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