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The Eurogroup and the Ecofin study “between now and year end” to increase the military budget to the proposal made by some countries border Russia with the impact of sanctions and trade restrictions arising from the conflict in Ukraine .
This was announced by Minister of Economy and Competitiveness Luis de Guindos , at a press conference following the informal meeting of the heads of Economy and Finance of the Eurogroup, held this Saturday at Milan ( Italy ).
Guindos said that during the meeting some Eastern, “border with Russia,” have shown the possibility of increasing the military budget, but “has not made any decisions about it.”
“It’s a question that is there, it is a reality for some countries in that environment, and the Eurogroup and Ecofin what will be addressed within the overall approach,” said the minister, who said that these Eastern European countries passed in the meeting that sanctions, trade restrictions and explanatory changes are impacting their growth prospects and “will have to increase the budget for military purposes.”
“None come to ask itself , is revealed in itself problematic, “insisted De Guindos, who advanced after that” we will see now and the end of the year “.
last summit NATO held in Newport ( UK ) on 4 and 5 September, the Alliance warned that you can not continue to reduce military spending especially by the instability in the world and the 28 member states pledged to achieve a military spending at least 2% of Gross Domestic Product (GDP)
(SERVIMEDIA)
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