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01:43We had a strategic brainstorming
01:46to guide our common action on defense.
01:49And today, we are delivering
01:52and we are moving decisively towards
01:56a strong and more sovereign Europe of defense.
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02:42Member states are ready to invest more
02:44in their own security if they have the fiscal space.
02:48So we must enable them to do so.
02:52And this is why we will propose to activate
02:56the National Escape Clause of the Stability and Growth Pact.
03:01This will allow member states to significantly increase
03:05their defense expenditures
03:07without triggering the excessive deficit procedure.
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03:36That's, I think, great decisions.
03:39Thank you again for the invitation.
03:41Okay.
03:44Don't miss out.
03:45Log on to OneIndia.com for more updates.
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