German lawmakers have approved the purchase of GBP 540mln worth of attack drones
The approval of GBP 540 million for attack drones by German lawmakers suggests a meaningful increase in military spending and capabilities, which could signal a tougher stance on defense in the EU.
Newsquawk European Market Wrap - 25th February 2026
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German lawmakers have approved the purchase of GBP 540mln worth of attack drones
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The UK has halted ratification of the Chagos Island deal, according to the BBC citing Foreign Office Minister Falconer, who said "We will bring that back to parliament at the appropriate time. We are pausing for discussions with our American counterparts"
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This move may influence market sentiment, impacting European equities and potentially leading to increased volatility in related defense sectors and currencies as investors assess the geopolitical implications.
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