European countries are aware of their need to rearm, but Italy’s 2026 defence budget might face cuts after the EU put Italy in an excessive deficit procedure (EDP) following its 2025 deficit of 3.1%. This scenario compromises Italy’s access to EU financing instruments for defence, and, underscores the urgent need to reinforce bilateral cooperation. France, facing similar budget difficulties, is a partner with high potential.
Amendment of 4 October 2024 to Implementing Decision (EU) 2023/941
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