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flag EU finance ministers discuss a joint defence fund to help countries afford military equipment.

flag EU finance ministers are discussing the creation of the European Defence Mechanism (EDM), a joint defence fund that would allow countries to purchase and own defence equipment collectively, reducing national debt. flag The fund, proposed by the Bruegel think tank, aims to help highly indebted countries afford costly military equipment and promote a single European market for defence to reduce costs and increase interoperability. flag The EDM would operate under an intergovernmental treaty and could include non-EU members.

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