EU ministers of defence, meeting informally in Sofia on 4-5 May, reviewed advances in the framework of Permanent Structured Cooperation (PESCO) in the field of defence and discussed new projects to build further on the rapid progress made over the last two years. Following the budget proposal on 2 May which sees a 22-fold increase in EU defence spending for 2021-2027, EU High Representative Mogherini also announced her intention to present a detailed proposal by mid-June on the new European Peace Facility, an additional instrument to finance the EU’s work on defence and military operations.
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