The European Commission is expected to unveil its biggest defense research plan in over a decade on Wednesday, Reuters reports.

The plan entails the creation of a dedicated financial instrument to support defense research. Brussels will seek to lift a ban on funding defense research directly from the EU budget. Military research funding has declined by more than 30% in Europe since 2006.

The plan has the backing of Germany and France and could be operational by 2017 and scaled up if govern...

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