Cartoon for December 14, 2023

Suspend strict budget rules to allow member countries to step up defence spending
Create new "instrument" providing €150 billion of loans to member countries for defence investment
Use the existing EU budget to direct more funds towards defence-related investment
Engage the bloc's European Investment Bank to drop limits on lending to defence firms
Create a savings and investments union to help companies access capital

Updated: December 14, 2023, 12:27 PM

Our cartoonist's take on the historic climate deal struck at Cop28