Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.The EU is rushing to get its European Defence Industry Programme, or EDIP, over the line before leaders meet in Brussels at the end of June. The instrument will serve as a vehicle for the bloc’s future defense funding. While seemingly small with just €1.5 billion from the EU budget for 2025-2027, it may grow rapidly. The commission is offering member states the option to channel un
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EU Proposes Using Unspent Covid Funds for Defense
