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EIB Boosts Defense Lending Amid Disputes Over Air Power

12/12/2025

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Summary

Story summary

The European Investment Bank (EIB) plans to increase defense lending to 4.5 billion euros in 2026, per Nadia Calvino, president of the EIB.
The funding will prioritize military mobility and anti-drone systems.
Defense ministers from Germany, France, and Spain face disputes over the Future Combat Air System (FCAS), crucial for European air power renewal by 2040.
No decisions were reached in recent talks.
Leaders aim for agreement by year-end.

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Story summary

The European Investment Bank (EIB) plans to increase defense lending to 4.5 billion euros in 2026, per Nadia Calvino, president of the EIB.
The funding will prioritize military mobility and anti-drone systems.
Defense ministers from Germany, France, and Spain face disputes over the Future Combat Air System (FCAS), crucial for European air power renewal by 2040.
No decisions were reached in recent talks.
Leaders aim for agreement by year-end.