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🇬🇧🇪🇺 The UK has circulated plans for European countries to establish a “supranational institution” that jointly purchases military equipment, stockpiles weapons and helps to finance large-scale rearmament across the continent.

The informal paper, written by UK officials, presents the case for a multilateral fund for a “coalition of the willing” that would borrow on markets at favourable rates and support defence spending.
https://www.ft.com/content/93d7168b-75a3-41e3-ba5a-4f378b93a709

Archive: https://archive.is/kwgRo

#Europe #Britain