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The European Union unveiled its biggest defense funding and research plan in more than a decade 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.The main proposal is an investment fund for defense, which could allow EU governments that pay in to also borrow from it.However, big EU countries such as Germany, which has one of the world's largest defense industries, stand to gain most from the Commission's proposals, with smaller nations at greater risk of losing business, some EU officials concede.A 90 million euro pilot plan is set to get underway next year and the Commission could potentially allocate 3.5 billion euros from the budget between 2021 and 2027 .
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