July 10th, 2014 by Daniel Fiott * – EUROPP Blog
European countries face significant challenges in funding defence research and development programmes. Among the most important are declining defence budgets, fierce international competition, and the increasingly expensive nature of high-end technologies. Daniel Fiott argues that the European Investment Bank could play a much greater role in Europe’s defence sector and serve as a life-line to defence research and development, dual-use projects and small and medium sized enterprises.
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* Daniel Fiott is a Research Foundation – Flanders (FWO) PhD scholar at the Institute for European Studies, Vrije Universiteit Brussel, where his research focuses on the European Defence Technological and Industrial Base. In 2013 he became a Senior Editor of the online magazine European Geostrategy. He is widely published on defence-industrial cooperation at the European-level.