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New EU arms funding deal |
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In a speech in 2012, Swedish General [[Håkan Syrén]] criticised the spending levels of European Union countries, saying that in the future those countries' military capability will decrease, creating "critical shortfalls".<ref>{{cite news |title=Some EU states may no longer afford air forces-general |first=Adrian |last=Croft |url=http://mobile.reuters.com/article/idUSL5E8KJJSL20120919?irpc=932 |work=Reuters |date=19 September 2012 |access-date=31 March 2013}}</ref>
In May 2025, EU member states agreed to launch a €150bn loans-for-arms fund backed by the bloc’s shared budget. The initiative will allow EU countries to borrow from Brussels and spend on weapons systems and platforms through joint procurement.<ref>{{Cite news |last=Foy |first=Henry |last2=Tamma |first2=Paola |date=2025-05-19 |title=EU agrees to launch €150bn loans-for-arms scheme |url=https://www.ft.com/content/b5c95e3d-74e2-4eb5-a88b-9e650cb93ce2 |access-date=2025-05-19 |work=Financial Times}}</ref>
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