https://www.taxtmi.com/news?id=36365 EU leaders met in an emergency summit to reinforce continental security and protect Ukraine after a reduction in US military support, discussing increased national defence spending, proposals to loosen budget rules to allow higher military outlays, and an EU loan package to buy priority equipment. Most additional spending would fall on national budgets given high sovereign debt levels. The meeting addressed coordinated procurement and deterrence considerations but did not serve as an immediate mechanism to fill urgent arms shortfalls for Ukraine, with unanimous agreement and political divisions posing significant constraints. en-us Thu, 06 Mar 2025 16:01:04 +0530 Thu, 06 Mar 2025 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36365 EU leaders met in an emergency summit to reinforce continental security and protect Ukraine after a reduction in US military support, discussing increased national defence spending, proposals to loosen budget rules to allow higher military outlays, and an EU loan package to buy priority equipment. Most additional spending would fall on national budgets given high sovereign debt levels. The meeting addressed coordinated procurement and deterrence considerations but did not serve as an immediate mechanism to fill urgent arms shortfalls for Ukraine, with unanimous agreement and political divisions posing significant constraints. News - Thu, 06 Mar 2025 16:01:04 +0530 https://www.taxtmi.com/news?id=36365