The Swiss National Bank shocked everyone with a rate cut to 0.25%, while Turkey's political chaos sent
‘Everything needed to defend the continent should be produced here in Europe. We have to work on this together. I am grateful to those who are already taking concrete steps in this direction. It would be right for the ReArm Europe program to start working as soon as possible, it is a very useful and far-sighted initiative.’
- Zelenskyy also noted that Ukrainian technologies in the field of drones and electronic warfare could be useful for both Europe and international partners.
- He stressed that further development of this industry, in particular through EU investment, ‘is the key to a new foundation for European security’.
- EU High Representative Kaja Kallas also mentioned the need to raise €5 billion to purchase ammunition for Ukraine before the summit.
- She recently proposed a new €40 billion defence initiative for Ukraine, but it has not yet received support.
- ‘If we cannot solve the issue of next year now, let's decide on short-term tasks - Ukraine's immediate needs for ammunition. A realistic plan is to allocate five billion for ammunition, and this is what we are actively working on now,’ Kallas said.
The day before, the European Commission presented the details of a new EU defence initiative called SAFE, which provides for the possibility of obtaining loans worth 150 billion euros for member states. The funding will be used primarily for weapons production in the EU and Ukraine.
No comments:
Post a Comment