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\u003cp\u003e\u003cspan\u003ePESCO, or Permanent Structured Cooperation, is a treaty-based EU framework that enables participating member states to cooperate on defence and security projects. Yvonni-Stefania Efstathiou assesses a new round of projects launched under the scheme and what the true prospects for delivery are.\u003c/span\u003e\u003c/p\u003e