Antonio Calcara, (2018), “Assessing the impact of new European defence initiatives on transatlantic relations”, Europp, LSE, 7 Μαΐου
The next few months will be crucial for the development of the new Permanent Structured Cooperation on security and defence (PESCO). After the European Council’s agreement on the first seventeen collaborative projects to develop in this framework, member states will have to agree on a common set of rules to develop these projects and on the conditions that will define the potential participation of third countries’ states or industries.
The PESCO framework is also closely linked to the new “European Defence Fund“, promoted by the European Commission, which provides a budget of 500 million euros to finance military research as part of the multi-year budget for 2021-2027. The aim of this fund is to help member states increase their defence spending. At the moment, the 28 member states spend a total of 1.34% of gross domestic product on defence. Without the UK, the rate falls to 1.32 %. The fund will consist of a research and a capability window. The fund’s research window will finance research and development cooperation for developing defence products and technologies at the EU level, while the capability window will assist member states in joint purchases of equipment and common investments for defence procurement.
Σχετικές Αναρτήσεις
- Reinhilde Veugelers, (2018), «Are European firms falling behind in the global corporate research race?», bruegel, 12 Απριλίου
- Gabrijelčič, Mateja, Herman, Uroš, Lenarčič, Andreja, (2016), «Firm Performance and (Foreign) Debt Financing before and during the Crisis: Evidence from Firm-Level Data», ESM Working Paper Series