Session: “Pazari” to finance the defence shielding of Europe – the opponents of the Eurobond and the background

In view of the fair distribution of the burden on the Member States for the defence of Europe, which the ’27’ now consider to be necessary, the Prime Minister came to . This is the reasoning behind the proposal put forward by Kyriakos Mitsotakis at the Brussels Summit for the financing of European defence by issuing a Eurobond by the European Central Bank. This ensures that the costs are distributed proportionately and the smaller European countries and economies will not bear disproportionately large costs for the safety of the entire Union. North vs South Sources in Athens with knowledge of the discussions in Brussels on the issue of defence shielding Europe and strengthening its defence industry state that they were not surprised by Germany’s refusal, primarily, but also by the other countries of the North, such as the Netherlands, Sweden, Denmark and Austria, to issue a Eurobond. The position of the German government has been declared that the EU debt experiment in the Fund to address the consequences of coronavirus should not be repeated, but should be recorded as a single exception. The debate now begins and will last months, but it cannot be overlooked that the ‘no’ group in a new common debt has the majority in the European Council. The proposal of the Greek Prime Minister is supported by French President Emanuel Macron – who is reminded that together with Kyriakos Mitsotakis it was the ones who had initially put the proposal for strategic autonomy of Europe – Italian Prime Minister Georgia Meloni and the South in general. The Athens proposal “Greece is already a country, which has for many decades exceeded the 2% limit of defence expenditure as a percentage of the S.E.P., which unfortunately does not happen for other European countries. But it is quite clear that if Europe really wants to remain defensive, it should consider new ways to finance defence spending,” said Mr Mitsotakis on his arrival at the summit, proposing the solution of the Eurobond. A June date… At this time the ’27’, as reflected in the draft Convention, agree the European Council and the Commission to investigate all funding options and report in June, when the next summit will take place. In the discussions in Brussels, Germany is reportedly finding the proposal that Germany is promoting to create a European anti-aircraft and anti-missile shield, in the standards of the Israeli “Iron Dome”, called European Sky Shield… A multi-level shield that can intercept small, medium and long-range missiles. What must Greece ensure? Competent diplomatic sources, asked for the discussions on the defence defence of Europe, believe that Greece should participate as far as possible in European projects, but stress that it should ensure two things: – First, the weapon systems that will be developed to meet its own service requirements. Secondly, any participation that does not put our country’s ability to respond to the immediate threat it faces, namely Turkey. In other words, the funds that Greece will direct to European programmes should not, they estimate, undermine the equipment projects it develops to address Ankara’s provocation in the Aegean, Thrace and the Eastern Mediterranean.