EU Commission proposes 800-billion-euro defence plan
- The EU plans to spend up to €800 billion on defense, as proposed by European Commission Chief Ursula von der Leyen amid the increased pressure from halted US military aid to Ukraine.
- Von der Leyen announced a borrowing drive of €150 billion to aid EU governments alongside increased military spending, which could nearly reach one trillion Euros overall.
- Hungarian Prime Minister Viktor Orban and Slovak Prime Minister Robert Fico oppose the proposal, calling for direct negotiations with Vladimir Putin instead.
- EU countries could access loans of up to $158 billion for defense plans while relaxing debt ceilings for military investments.
352 Articles
352 Articles
EU leaders give green light to billions in defense spending
EU countries gave the green light to plans to spend billions on Europe's defense – and all but Hungary backed continued support for Ukraine. – I have seen very few signs that Russia is prepared for any other peace than what we would call capitulation, said Prime Minister Ulf Kristersson at the summit in Brussels.
The leaders of the 27 give their green light to the Brussels plan to boost European defence
The leaders of the 27 countries of the European Union decided to validate the plan proposed by the President of the European Commission, Ursula von der Leyen, during an extraordinary summit in the Belgian capital.
The 27 approve a historic defense plan to re-arm Europe but Hungary is demarcated in the agreement on Ukraine
The EU countries supported this Thursday during a summit in Brussels the huge plan launched by the European Commission to finance rearmament in the bloc, announced a...
What can the European defense industry do and where are the weak spots?
More tanks, ammunition and nuclear deterrence. After decades of leaning on the US, it has quickly become clear to Europe that its own defense industry needs a huge sling. At the beginning of this week, the European Commission presented an investment plan worth a total of 800 billion euros. Whether that money will come, that is still the question, and that will be discussed at the scheduled EU summit in Brussels today. But the underlying message …
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