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PESCO, or Permanent Structured Cooperation, was signed by 23 members of the 28-strong European Union on Monday.
EU foreign policy chief Federica Mogherini supported the move, hailing it as an “historic moment.” Backed by a €5-billion ($6.5-billion) EU defense fund, PESCO “wil ...
PESCO, aimed at developing new military equipment and improving cooperation and decision-making.
Senior US officials voiced doubts about the EU plan this week, fearing it could draw resources away from NATO or become a protectionist umbrella for European defense manufacturers.
NATO Secretary-Gener ...
PESCO (Permanent Structured Cooperation) pact meant to coordinate inter-EU defense manufacturing, expanding security cooperation, encouraging joint investment, and gaining further independence in decision making.
The PESCO sought to tell the US that it was different from the earlier announcements m ...
PESCO) would “produce duplication, non-interoperable military systems, diversion of scarce defense resources and unnecessary competition between NATO and the EU”.
The warning comes while over the past year, the Trump administration has been pressing the EU to increase its military spend ...