The bloc increased its borrowing massively to deal with the pandemic. Now there is pressure from France and others to do the same again to increase spending both to supply Kyiv with weapons and to build up national defense capabilities.

The war is also shifting positions among the frugals.

Finnish Prime Minister Petteri Orpo in March didn’t close the door to common defense bonds. The Baltic countries — on the frontlines of the threat from Russia — also favor the idea.

EU leaders will talk about options to increase defense spending next month. As reported by POLITICO,…