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 2026-5: ‘European preference in EU rearmament subsidies, but for how long?’
2 October 2026
power struggles and differing views on the concept of European preference suggest that negotiations on the next EU budgetary cycle and rearmament programmes will be tense… Read our latest Newsletter to know more: ENAAT 2026-5, 28/09/2026 SUMMARY: EU support for the arms industry On European militarisation