EUROPEAN UNION DEFENCE FUNDING MECHANISMS
EUROPEAN UNION DEFENCE FUNDING MECHANISMS

Author(s): Mădălina SCIPANOV
Subject(s): Politics / Political Sciences, Politics, Security and defense
Published by: Carol I National Defence University Publishing House
Keywords: funding; resources; defense; financial mechanisms and instruments; EU budget;
Summary/Abstract: This article presents the mechanisms, instruments, and sources of defense funding available to the European Union, designed to support the development of military capabilities, strengthen cooperation, and promote the European defense industry. It is assumed that these instruments and initiatives strengthen European security and defense, increasing the European Union's capacity to act autonomously and contribute to global stability. Defense in the European Union represents a field of cooperation and integrity between EU Member States, with the main aim of ensuring the security and common defense of citizens and the interests of the European Union. This cooperation is achieved through various instruments and policies which are constantly evolving to respond to current challenges and threats. The European Union intends to further strengthen defense cooperation in the field of defense, by developing joint programs and by increasing investment in military technology. Also, the European Union aims to strengthen its partnerships with third countries and to play a more important role in managing regional crises. The article deals with the issue of defense funding by the European Union from a procedural point of view and examples. Because the challenges that the European Union has to solve are complex and vary depending on geopolitical, economic, and budgetary factors, defense funding is crucial for the security, sovereignty, and global influence of the European Union. Investments in this area strengthen European military capabilities, stimulate cooperation and cohesion, increase efficiency, and allow the European Union to play a more active role in maintaining peace and stability at a global level. The novelty of this article starts from the need for defense funding by the European Union, presenting arguments for and against strengthening the defense capabilities of the European Union and its strategic autonomy. In the author's opinion, it is important to find a balance between common funding and national sovereignty, ensuring an efficient and transparent use of funds, as well as close coordination with NATO. Decisions in this regard will shape the future of European security and defense.

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