Defence aircraft in formation - Image by Israel Torres on Pexels

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.

— last modified 13 November 2023 The Council and the European Parliament today reached agreement on the EU’s annual budget for 2024. Next year’s budget strongly focuses on the EU’s…

— last modified 07 June 2023 The European Commission proposed on 7 June an annual EU budget of EUR 189.3 billion for 2024. The budget will be complemented by an…