EU Commission proposes 800-billion-euro defence plan

El Pais

Lean Left

Factuality

Ownership

The European Commission proposes a new common debt channel with EUR 150 billion for joint purchases, major projects and Member States' support for Ukraine

MarketWatch

Center

Factuality

Ownership

EU president aims for €800 billion of defense funding. How it would work.

European Union President Ursula von der Leyen on Tuesday proposed a funding program that she says could mobilize close to €800 billion ($844 billion) of defense spending.

CTV News

Center

Factuality

Ownership

EU ponders 800 billion euro plan to beef up defences to counter possible U.S. disengagement

The chief of the European Union’s executive on Tuesday proposed an 800 billion-euro ($841 billion) plan to beef up the defences of EU nations, aiming to lessen the impact of potential U.S. disengagement and provide Ukraine with military muscle to negotiate with Russia following the freeze of U.S. aid to the embattled nation.

Le Parisien

Lean Right

Factuality

Ownership

Ursula von der Leyen, the President of the European Commission, presented on Tuesday his plan to "rearm Europe", to remedy the American disengagement. It will be discussed by the Twenty-seven Thursdays in Brussels. But part of the funds would be recycling of already existing envelopes.

Firstpost News

Lean Right

Factuality

Ownership

‘Rearm Europe’: EU chief proposes $158 bn common defence fund to boost military spending

The European Commission on Tuesday proposed a new joint EU borrowing initiative of €150 billion ($157.76 billion) to provide loans to EU governments for defence, as part of a broader €800 billion effort to enhance Europe’s defense capabilities, according to a report

RTÉ

Center

Factuality

Ownership

Explainer - Europe's options for boosting its defence

The European Commission has proposed several ways to raise the funds that would add up to around €800 billion over several years.