European Union Plans Defense Research, Financing Support Steps

The European Commission plans to unveil measures to support the region’s defense industry this summer at a time when member states are curtailing military spending as part of austerity measures. Five ideas have been identified to help support military contractors, including aiding small companies gain access to financing, Daniel Calleja Crespo, director-general at the Commission’s Enterprise and Industry directorate said. More proposals could be added, he said.

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