EU leaders agreed to increase investment in defense.

Following the informal summit in Budapest, EU leaders instructed the European Commission and the EU High Representative for Foreign Policy to prepare proposals to attract private and public investment in the defense industry, according to a statement following the summit meeting.
⠀

“It is necessary to enhance our defense readiness and capabilities, in particular by correspondingly strengthening our defense technological and industrial base. To this end, the High Representative and the European Commission will present public and private funding options. We will also develop the potential of the space industry,” the document states.