Tag #Supranational Bank

What is the immediate impact of the proposed supranational bank on European defense spending and budgetary practices?

European and British officials secretly discussed creating a supranational bank to bypass the European Commission and facilitate defense spending outside national budgets. This bank would enable quicker European rearmament by allowing member governments to exclude military equipment costs from their national budgets, overcoming public spending limits. The UK's participation is key, driven by its own budgetary constraints.