European Union finance ministers agreed on Friday to allow the European Investment Bank (EIB) to invest more in the defence and security sector. The EIB has strict regulations for spending in the defence and security industry, which ministers want to change. A large part of the reforms involve updating the definition of so-called dual-use goods – products that can be used for both civil and military purposes – such as helicopters or drones. Now, the EIB is to waive the requirement that dual-use projects derive more than 50% of their predicted revenues from civilian use, a statement from the in…