The bloc must compensate for “years of underspending” militarily, foreign policy chief warns
EU High Representative for Foreign Affairs Josep Borrell. © Carlos Alvarez/Getty Images
The EU must begin to take more responsibility for its own security, its foreign policy chief Josep Borrell has told a conference, announcing that total expenditure by member states will grow by €70 billion over the next three years.
Speaking at the ‘Investing in European Defence’ forum on Thursday, Borrell, who also heads the European Defence Agency (EDA), called on European nations to cooperate more on upping defense capacities in the common interest of bloc security. They should also look past the current conflict in Ukraine and anticipate “future threats.”
Borrell said states’ spending on defense had surpassed the €200 billion-level in 2021 for the first time, though they’re still playing catch-up.
“After the Cold War, we shrunk our forces to small-size armies without coordination … We lack critical defense capabilities,” he said. “We have to compensate for years of underspending.”