March 6, 2025 - 16:04
Italy's Finance Minister Giancarlo Giorgetti has voiced concerns regarding the European Commission President Ursula von der Leyen's proposal to significantly boost defense expenditures across the European Union. Giorgetti cautioned against hasty decisions that might replicate previous errors, particularly those made during the COVID-19 pandemic. He highlighted the instance of purchasing excessive quantities of vaccines at inflated prices, many of which ultimately went unused and were discarded.
The minister emphasized the importance of a measured approach to defense spending, advocating for careful planning and consideration before committing substantial resources. He underscored the need for strategic investments that would enhance the EU's security without falling into the trap of impulsive financial commitments that could lead to waste. Giorgetti's remarks reflect a growing sentiment among some EU leaders who are wary of rapid increases in military budgets without thorough evaluation of the potential consequences and effectiveness of such spending.
