Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    EU must improve capacity to move troops fast amid growing threats, says watchdog

    Published by Global Banking and Finance Review

    Posted on February 5, 2025

    Featured image for article about Headlines

    BRUSSELS (Reuters) - A European Union programme to make it easier to shift troops and weapons across the continent quickly - by upgrading transport links - has been undermined by a lack of strategic thinking, an EU watchdog agency said on Wednesday.

    The issue of "military mobility" has risen up Europe's political agenda since Russia's 2022 invasion of Ukraine, with governments anxious to revamp transport networks so they can move soldiers and kit quickly in the event of a crisis.

    But a report by the EU Court of Auditors, which scrutinises EU spending, suggests the 27-nation bloc needs to raise its game to be better prepared for a military emergency.

    "Now more than ever, the EU seeks to future-proof itself efficiently against aggression. Consequently, military mobility has become a crucial priority of the EU’s defence capabilities," said Court of Auditors President Tony Murphy.

    "There is clearly a real need for speed. However, we found that there are some bottlenecks along the way."

    The watchdog said a 1.7 billion euro ($1.77 billion) EU action plan lacked focus, with not enough thought given during funding decisions to which projects would be most valuable.

    For example, construction of two sections of "one of the most strategic roads in the EU from a military perspective" were funded under the programme but a final section was not, the watchdog said. It did not identify the road.

    EU funding has gone toward constructing railway bridges in Germany, improving transport links to an army base in Estonia, and developing a section of road to the Lithuanian-Polish border, among other projects.

    But the watchdog said even some EU countries which border each other had pursued different types of project rather than taking a joined-up approach.

    It recommended the EU improve the decision-making process for military mobility and make it easier for authorities to predict what projects would be funded.

    ($1 = 0.9596 euros)

    (Reporting by Lili Bayer; Editing by Gareth Jones)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe