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European Defence Fund: Dilemmas and Potentials

The launch of the €7.9 billion European Defence Fund (EDF) materialises years of talks and debates over the emergence of a European defence industrial and technological cooperation. The EDF is set to finance defence capability and critical technologies projects such as the next generation of aircraft fighters, tanks, semiconductors, cybersecurity, or communication systems.

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European Defence Fund: Time to Shine

In the wake of the European Council's discussion on the 26th of February regarding the future of EU security and defence, a decisive juncture to assess the stature of EU defence cooperation lies ahead. The EU pledges to deliver a collective answer to a fast-changing strategic environment and maintain momentum on its defence initiatives. Among its initiatives, the European Defence Fund (EDF) aims to boost joint research and innovation in defence and stimulate Member States industrial bases to develop common military capabilities. The EDF has officially come into effect with the new Multi-Annual Financial Framework (MFF) 2021-2027, empowered with a total budget of € 8 billion; thus, it is time to demonstrate its potential.

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