The bank, with the working name "Rearmament Bank", would be intergovernmental and owned by a dozen countries that want to do more and act faster to strengthen their defense.
"These sign the bank's capital – let's say 100 billion euros – but only pay in a tenth", writes Lucas, who has designed the model in "a small group".
The bank would offer loans both to member states "that want to cover acute needs for weapons and other equipment" and to European defense companies that want to increase their production.
"The goal is a rapid and effective transitional solution to the defense crisis", writes Lucas.
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