EU proposal comes amid US President-elect Donald Trump's pressure on NATO allies to lift military expenditure, Financial Times.
Brussels has announced of plans to “turbo boost” spending on cyber security, war ships and drone technology as part of a multibillion-euro European Defence Fund.
According to Financial Times, the decision comes after Trump's pressure on NATO allies to significantly increase military spending.
The European Commission to formally unveil the proposals on Wednesday, following a decision by member states to deepen defence co-ordination in an effort to fortify Europe’s anti-terror defences and reinforce external borders.
The plans include an increase in cross-border defence procurement and greater emphasis on the standardisation of equipment, as well as the use of EU space programmes for security and defence purposes. At the moment about 80 per cent of defence procurement is run on a national basis, the commission estimates.
The new plan from the EU executive, to be put forward by Jyrki Katainen, commission vice-president, aims to increase Europe’s land, air, sea and space capabilities, as well as investment in cyber security and intelligence gathering.