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Euronews
Euronews
Gregoire Lory

UNCOVERED: European investment bank triples its financial commitment to defence - Caught on Camera

The European Investment Bank (EIB) is strengthening its role as the European Union's financial arm, with its financing ceiling for this year reaching €100 billion, a new record.

Against a backdrop of geopolitical tensions, the Bank is confirming its commitment to defence and security by tripling its lending. The EIB plans to devote 3.5% of total financing to the military sector. The institution mentions 32 flagship projects in the pipeline.

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