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Spurred by Trump and Brexit, EU Plans 5B Euro Defense Fund

The European Union unveiled its biggest defense funding and research plan in more than a decade on Wednesday to reverse billions in cuts and send a message to U.S. President-elect Donald Trump that it wants to pay for its own security. Part of a broader push to revitalize defense cooperation, the European Commission proposed a 5 billion-euro ($5.3 billion) fund to let governments club together to buy new helicopters and planes to lower costs. Another plan to let the EU's common...

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