Why are EU finance ministers meeting in Brussels to discuss more flexible budgetary rules?

EU finance ministers are meeting in Brussels to discuss greater flexibility in budgetary rules to accommodate increased military spending. This initiative has been prompted by a significant policy shift from the United States, which has created urgency for Europe to strengthen its defense capabilities. The shock switch in US policy has catalyzed calls across Europe to ramp up its own defense capacities through higher spending, requiring adjustments to existing fiscal frameworks. This meeting reflects Europe's growing recognition that it needs to take greater responsibility for its security amid changing geopolitical dynamics.