Here's your summary from EU Elections: What's at Stake & Why You Should Care (https://www.youtube.com/watch?v=QY0mYX5JsuA) on the Bloomberg Television channel:

**TLDR:** The EU elections are crucial as they will shape the policy direction of the European Union for the next five years, with a focus on both EU-wide and national issues.

1. The EU elections involve voting for 720 members of the European Parliament who will influence EU policy direction.

2. These elections are considered "second order elections" where voters focus on different issues compared to national elections.

3. The defense ramp-up in the EU faces challenges due to budget constraints and the need for agreement among 27 countries.

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