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The Stoxx Europe Aerospace and Defense index hit its peak in over 30 years, soaring to a maximum of 1983.59 points (+2.22%). The increase in defense stocks occurred during a gathering of European leaders in Paris, where they deliberated on the response to US President Donald Trump's move to start discussions with Vladimir Putin, including regarding the resolution of the conflict in Ukraine, according to FT.
Trump, returning to the White House for a second presidential term, has intensified demands on European allies to boost defense spending to 5% of GDP, while NATO's existing goal is 2%.
According to sources involved in the talks, the EU is developing a comprehensive new initiative focused on increasing defense expenditures and aiding Ukraine. They state that these plans will remain private until after the German elections on February 23 to avoid any disputes before the voting occurs.
German Foreign Minister Annalena Baerbock stated that the package would be “unmatched in magnitude,” akin to those implemented “during the euro and pandemic emergencies,” and it would be established “soon.”
source: ft.com
Trump, returning to the White House for a second presidential term, has intensified demands on European allies to boost defense spending to 5% of GDP, while NATO's existing goal is 2%.
According to sources involved in the talks, the EU is developing a comprehensive new initiative focused on increasing defense expenditures and aiding Ukraine. They state that these plans will remain private until after the German elections on February 23 to avoid any disputes before the voting occurs.
German Foreign Minister Annalena Baerbock stated that the package would be “unmatched in magnitude,” akin to those implemented “during the euro and pandemic emergencies,” and it would be established “soon.”
source: ft.com
