Brussels, Feb. 4 -- European Union leaders held their first-ever defence meeting on Monday, focusing on strengthening military capabilities, hiking defence financing and reinforcing strategic partnerships.
European Council President Antonio Costa emphasised the need to address critical defence gaps, particularly in air and missile defence, ammunition production and military mobility, in coordination with NATO.
Speaking at a press conference, he underscored the urgency of strengthening the European defence industry to accelerate military equipment production.
According to Costa, defence spending among 23 EU members has increased by 30 percent between 2021 and 2024 with an average of 2 percent of GDP allocated to defence.
The European...