The European Union is discussing ways to support the defense industry. This is related to the wars in Ukraine and Israel, reports Bloomberg. Reportedly, President of the European Council Charles Michel plans to use the upcoming EU leaders’ summit to raise concerns expressed by the defense industry. Proposals include establishing a mechanism to prioritize defense industry during competition with civilian goods in case of material shortages and ensuring long-term contracts for defense companies. Meeting with defense companies The EU seeks to boost its defense potential following Russia’s invasio…