EU needs 'decisive change' in 'scale and pace' of defence investment, report says

A new report cited by Reuters has concluded that the European Union requires a decisive change in both the scale and pace of its defence investment to meet current and future security challenges. The report calls for substantially increased spending across member states and improvements in the efficiency and coordination of European defence procurement and industrial policy. The findings add weight to ongoing EU-level discussions about a common defence investment framework and the adequacy of current member state spending trajectories relative to the threat environment.