EU Launches €7.2 Billion Defence Fund to Boost Military Innovation and Cooperation
The European Commission has officially launched the European Defence Fund (EDF) for the period 2021 to 2027, with an estimated budget of €7.2 billion drawn from the EU budget. This fund is designed to advance the European defence industry's innovation capacity and foster cooperation across member states’ armed forces. By supporting research, development, and joint procurement, the EDF seeks to boost the EU's military capabilities and reduce duplication among national defence efforts. The fund targets projects spanning the full defence technology lifecycle, from early research to final development, which can enhance the speed and efficiency of delivering new military technologies.... [Continue Reading]
360LiveNews | 01 Apr 2026 12:21
France Backs EU Industrial Strategy to Boost Competitiveness and Autonomy
On March 30, 2026, French Minister for Europe and Foreign Affairs Jean-Noël Barrot hosted a high-level meeting with Stéphane Séjourné, Executive Vice-President of the European Commission responsible for Prosperity and Industrial Strategy. The meeting focused on deepening the EU single market and enhancing European industrial competitiveness as part of the Industrial Accelerator initiative. This EU-wide project represents a strategic push to strengthen European preference and reduce dependence on foreign supply chains in critical industries. France affirmed its full support for the project, citing the importance of industrial sovereignty amid ongoing global geopolitical tensions. The commitment is aligned with France’s broader... [Continue Reading]
360LiveNews | 31 Mar 2026 12:12
