€1bn for EU military study

THE EU IS to issue today a draft plan for the possible creation of an up to €1 billion (R14.36bn) fund aimed at studying new military technology, which could then be followed by a budget proposal for this first-ever large-scale allocation of the bloc’s budget for military needs in 2018, the Guardian reported, citing a draft document. “The development of a new generation of many major defence systems is today beyond the reach of a single EU member state. ‘More Europe’ in defence and security is clearly needed,” the draft paper read, as quoted by the media. According to the draft, if the plan is approved, new military technology to be studied by means of the new fund will include drones, air-to-air refuelling planes and cyber defence systems. – Sputnik