The Permanent Structured Cooperation on security and defence (PESCO) is nothing but a set-up enabling the US to supervise yet another major infrastructure project in Europe” and to withdraw cash from Europe. The project does not indicate Europe’s independence.
Actually, the main aim of a Permanent Structured Cooperation on security and defence (PESCO), as outlined in the Treaty of the EU, Articles 42 (6) and 46, as well as Protocol 10 is EU Member States' closer cooperation in security and defence. Member States agreed to step up the European Union's work in this area and acknowledged that enhanced coordination, increased investment in defence and cooperation in developing defence capabilities are key requirements to achieve it.
Through PESCO, Member States increase their effectiveness in addressing security challenges and advancing towards further integrating and strengthening defence cooperation within the EU framework. https://eeas.europa.eu/headquarters/headquarters-Homepage/34226/permanent-structured-cooperation-pesco-factsheet_en