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Ukraine: the military effort for security in Europe will have “consequences for French public finances”

by AI | 19.Feb 2025 | Europe in brief AI

The increase in European military spending related to the potential maintenance of peace in Ukraine will affect public finances in France, the government announced Wednesday.

The spokeswoman for the French government Sophie Primas addresses the media after the weekly cabinet meeting in Paris, on February 19, 2025. (Photo: Ludovic MARIN / AFP)

Paris – The defense effort that will be necessary in Europe to accompany a possible peace in Ukraine “will have consequences for our public finances,” warned the French government’s spokesperson Sophie Primas, announcing a debate in Parliament “early March.”

“The Prime Minister will organize a debate in early March in Parliament under Article 50-1 of the Constitution on the consequences of this geopolitical context for our country,” Sophie Primas explained at the end of the Council of Ministers. She specified that this debate “in a moment of gravity” will not lead to a vote.

“The European awakening involves an increase in military spending that we have started in France,” she specified, recalling that the government “advocates for the creation of a European-scale borrowing capacity for common investments.”

It is also necessary to “support our own defense industry by establishing a true European preference in our defense equipment purchases,” reiterated the spokesperson. (February 19, 2025)