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

more news

NBB 2026-2, EU militarisation going wild

27 March 2026

From dedicated funding programmes to diverting civil funds, from deregulation facilitating the business of arms to wave of security & defence partnerships, EU militarisation is going wild in 2026… Read our latest newsletter here: NBB 2026-2, 27/03/2026 SUMMARY: ENAAT news > Global Days Against Military Spending (GDAMS) Campaign to run from April 10 to May 9 > ‘US fighter jets: backbone of European air forces’ – StopWapenhandel blog EU support for the arms industry > Deregulating the arms industry: negotiations and EP calls for single market for defence > A SAFE 2.0 in the pipeline, Polish veto, French frustration

Read more >

The competitiveness trap: How EU ‘simplification’ fuels a global arms race

3 March 2026

This piece was first published as an Opinion article on EUobserver, ‘How the EU is deregulating arms-control to be like any other industry‘ For most citizens, terms like “simplification” and “harmonisation” sound positive. However, within the Brussels’ EU “bubble,” they are used as a Trojan horse for massive deregulation. Specifically, a new legislative package—the Defence Readiness Omnibus—threatens to overhaul how weapons are produced and sold, creating a dangerous precedent for global security. As “Trilogue” negotiations begin under the Cyprus EU Presidency, the stakes could not be higher. Under the guise of “completing the internal market” for defence and

Read more >

NBB 2026-1: Quiz, which of the EU institutions is the most arms-industry friendly?

22 January 2026

From EP’s early Christmas gifts to EC outbids to counter EDA’s revival, one wonders which of the EU institutions is the most arms industry-friendly…Read our latest newsletter here: NBB 2026-1, 16/01/26 SUMMARY ENAAT news > “Europe’s Hidden Hands: Funding and Arming the Genocide in Gaza” (Webinar series 26/01 & 02/02) > Stop Wapenhandel Blog: Weakening arms transfers rules in the name of ‘security’ and ‘competitiveness’ > Increasing concerns about civil society watchdog role at EU level > Citizens’ initiative asking the EC to suspend the EU-Israel association agreement EU support for the arms industry > EDIP & SAFE:

Read more >