Record EU defence spending masks failure to collaborate, report says
European Union states spent nearly 200 billion euros on defence in 2020, the most since records began in 2006, but joint investment by governments fell, the European Defence Agency (EDA) said in a report on Monday. The EDA, an EU agency that helps the bloc’s governments to develop their military capabilities, said the total spending of EU countries except for Denmark – which opts out of EU military projects – reached $198 billion, a 5% increase on 2019. The defence expenditure amounted to 1.5% of the 26 EU states’ economic output, a welcome figure for the U.S.-led NATO alliance, which has sought a 2% spending goal for its allies.
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