European Union launches defense fund amid United States pressure to boost spending

Grant Boone,, 8 June 2017 - According to documents released by the Commission, the Fund - when combined with Member States' contributions to finance joint development projects - could generate a total investment in defence research and capability development of up to €5.5bn per year after 2020, with around €1.5bn of this total coming from the European Union budget. [...]
Wendela de Vries from Stop Wapenhandel, a Belgian NGO, said: "These proposals will not lead to peace and security, but will only increase the profits of the arms industry". [...]