The EU is losing 100 billion euros annually because of inefficient investments in the defense

© RIA Novosti / Alexei Vitvitskiy in photobacteria the European Council in Brussels. Archival photoThe EU is losing 100 billion euros annually because of inefficient investments in the defense© RIA Novosti / Alexei Vitvitskiy the image Bank

The total losses of the countries-members of EU from-for inefficient investment in the field of defense and security are estimated in the range from 25 billion to 100 billion annually, said on Wednesday Vice-President of the European Commission on employment, economic growth, investment and competitiveness Jyrki Katainen.

«Losses from insufficient (investment — ed.), interaction of member countries in the field of defense and security are estimated in the range from 25 billion to 100 billion annually,» he told reporters in Brussels following the meeting of the European Commission, having reviewed the prospects of cooperation of the EU in the defense sphere.

According to Katainen, the EU countries are investing in «about the same» tools in the field of security and defence, and therefore requires the structuring of these costs to ensure a greater degree of investment efficiency.

As reported, for its part, the head of EU diplomacy Federica Mogherini, the total defence spending of the EU currently make up half of the funds spent on the US, and the potential defence capacity does not exceed 15% of the us.

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