ESM Chief Proposes Using €500 Billion Crisis Fund for European Defense
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ESM Chief Proposes Using €500 Billion Crisis Fund for European Defense
A European crisis fund with over 430 billion euros (about $514 billion) could provide loans to member countries for defense, according to Pierre Gramegna, the head of the European Stability Mechanism (ESM). He suggested that this fund could offer credit lines without requiring strict economic refor»»»
Europe’s €430b crisis fund could be repurposed for defence, says ESM chief
FRANKFURT, Jan 31 — A European crisis fund with more than 430 billion euros (RM2.02 trillion) of firepower could lend money to countries for defence, the head of the European Stability Mechanism told Reuters, as the bloc scrambles to reinforce its military. Pierre Gramegna, managing director of th»»»
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