Stability pact, von der Leyen: “Safeguard clause for defense expenses”

Stability pact von der Leyen Safeguard clause for defense

(Finance) – The European Commission intends to propose to EU countries to suspend the constraints of the stability and growth pact for the expenses relating to defense. Announced it The President of the Commission, Ursula von der Leyen during his intervention at the top of security in Munich.

“Previously extraordinary crisis we have ensured to the margin countries of the additional budget by activating the safeguard clause. In practical terms, we have ensured a substantial increase in public investments linked to the crisis. I believe –
he said von der leyen – that we are in another period of crisis that justifies a similar approach. For this reason I announce that I will propose the activation of the suspension clause for defense investments. This will allow member countries to consistently increase their defense expenses. Obviously – he specified – we will do it in a controlled and conditioned way “.

The Italian government – Comment Chig PalaceI in a note – welcomes with “satisfaction the announcement of the President of the European Commission concerning new initiatives aimed at increasing investments in the defense sector, starting – as required for some time by Italy – from the exclusion of these expenses from the pact of Stability. To achieve these important objectives together, starting from the next presentation of the Bianco dell’Eu Defense Paper “.

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