27th February 2018,
IRMO Brief 2/2018 deals with the new EU’s policy initiative in the field of defence – Permanent Structured Co-operation (PeSCo). It analyses the wider international strategic framework in which it has been created, taking into account its legal and institutional set-up and attempting to assess the way they would influence its functionality. The text also focuses on financial instruments at the disposal of PeSCo and scrutinises its potential impact on defence industries and market. It also highlights potential problems in its implementing phase and offers plausible ways to resolve them in the period to come.