The increase in defense and security spending in the EU presents a major challenge.
The NATO's pressure on European countries to increase military expenditures is intense.
Many European countries cannot finance this new expenditure without increasing public debt.
The issuance of shared EU debt is one of the proposed solutions.
Germany suggests revising the stability pact to ease fiscal restrictions.
European countries are in negotiations of the Rearmament plan, which would mobilize up to 800,000 million euros in armament.
The construction of a European collective defense poses a sovereignty concession challenge.
Conclusion: It is urgent to make progress in defining, organizing, and financing European defense, in the face of major environmental, technological, and economic challenges that the EU also faces.