India, March 11 -- The euro strengthened against other major currencies in the European session on Tuesday, as the European Union (EU) looks into methods to increase defense spending through joint borrowing, EU funding, and an increased role for the European Investment Bank (EIB), with a view to take important decisions by June.
The ministers will talk about ways to alter EU budgetary regulations to allow for increased domestic spending held today.
Discussions are currently about expanding the current definition of defense spending, which otherwise solely includes only military equipment. Meanwhile, many nations wish to amend the current regulations that do not consider building ammunition factories or bolstering roads and bridges to allo...