The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above the current 2% of national output at a June summit of the alliance that will set a new level, European Council President Antonio Costa said.

Spending more on defence must, however, go hand-in-hand with increased efficiency. As both the recent Draghi and Letta reports set out, the European defence industry remains fragmented, lacks scale and needs further consolidation and specialisation to create poles of excellence.

German Chancellor Olaf Scholz said that NATO and the European Union should increase defense spending. This is due to the threat from the Russian shadow navy, Tagesschau reports. According to Scholz, European NATO and EU countries should continue to increase their defense spending.