The lack of military power and organization is an issue the higher ups in the European government would have to deal with. This would help protect its citizens more efficiently. Economically, their security would benefit from their international importing and exporting which would bring money to trade in their region.
With the EU committing themselves to strengthen their abilities of Conflict Prevention and Crisis Management, they are influencing policies that help fight against illicit accumulation and trafficking of small arms and light weapons. They have designed sanctions of a diplomatic or economic nature that will help enforce their policies in Conflict Prevention and Crisis Manangement.