Investing.com -- German Foreign Minister Annalena Baerbock has advocated for the establishment of a European defense fund to bolster the continent's security and deterrence capability. This proposal was made public on Wednesday.

Baerbock stated that a relaxation of the EU's Stability and Growth Pact would be a significant move, allowing member nations to further enhance their national defense expenditure. However, she noted that this measure alone might not be adequate for all countries.

To effectively meet the challenge, Baerbock emphasized the necessity for a European defense fund. She believes that such a fund could provide the necessary support to strengthen Europe's defense infrastructure.

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