Brief by Shorts91NewsDesk / 01:05pm on 01 May 2025,Thursday International
Sixteen European Union member states have invoked the EU's "national escape clause" to increase defence spending, allowing them to exceed the 3% GDP deficit limit for up to four years. This move comes in response to rising security concerns, particularly the ongoing conflict in Ukraine. Countries including Germany, Poland, and the Baltic states have requested exemptions to increase military budgets by up to 1.5% of GDP annually. The European Commission will review these requests, ensuring they align with fiscal policies. This collective decision underscores the EU's commitment to enhancing its defense capabilities in uncertain times. (PC: AP)
