Very good that #EU countries are discussing a €500bn intergovernmental fund for common defence projects & arms procurement, which would issue bonds backed by national guarantees from participating countries rather than the EU as a whole. www.ft.com/content/1698... #EUCO (1/2)

Europe races to set up €500bn defence fund

Initiative is open to UK and would tap bond markets to boost spending for Trump’s White House return

ft.com