ENAAT and ethical finance groups call EU Finance Ministers to preserve civilian investments through the European Investment Bank

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.

Open Letter to EU Finance Ministers_22.05.17 Final

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Peace and Disarmament in Europe: For shared détente, peace and security

28 November 2024

Europe is the second most militarized region in the world, with a military budget that surpasses China’s and is three times that of Russia. Additionally, the EU’s budget for security and defense has tripled over the past two decades, reaching 19.5 billion euros in the current framework program. The Delàs Center for Peace Studies, in collaboration with the European Network Against Arms Trade (ENAAT), analyzes Europe’s militarization and proposes alternatives to European security policies in the publication “Peace and Disarmament in Europe: For shared détente, peace and security”.

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