On Tuesday 23 March, 2017, the 28 Finance Ministers of the EU will meet first as Governors of the European Investment Bank and then as EU Council for Economic and Financial Affairs. While the Greek situation seem to focus all attention, 29 signatories from ENAAT and the ethical finance sector want to alert on the proposals of the EU Defence Action Plan to use the EU Fund for Strategic Investments (EFSI, better known as the Juncker Plan) and the European Investment Bank (EIB) to increase further public funding for the arms industry. But this move would require the agreement of the 28 Member States to modify the EIB rules. We call them to maintain the exclusive civilian mandate of the EIB and EFSI. The arms & security industry largely benefits already from EU and national public money while having a negative impact on peace worldwide.
NBB 2025-6: Roadmap to war under national leadership
21 October 2025
The latest issue of the ENAAT newsletter ‘News from the EU Bubble’ is now Available here Summary: EU funding for the arms industry MEPs & Council reach deal on EDIP: EU Military Sales mechanism to boost arms exports? SAFE loans: negotiations open with UK and Canada Next EU-long term budget: military focus a given, divergences on degree and scope EIB: more money and faster decision-making on military projects EU-Israel: no sanctions and EU draft strategy, Elbit out! campaign other aspects of European militarisation Defence readiness roadmap: Europe ready for war by 2030? Governments regain control over “Europe of defence”