US EditionEU plans to let states suspend fiscal rules to allow for defence investments
- The President of the European Commission, Ursula von der Leyen, approved relaxing fiscal rules for EU countries to increase defense spending to above 3 percent of GDP.
- Ursula von der Leyen announced this change to address security concerns due to Russian military actions, stating that Europe must do more for its defense.
- French President Emmanuel Macron emphasized the need for Europe to develop a fully integrated defense industry, moving away from reliance on U.S. military hardware.
- Ursula von der Leyen based her announcement on a paper prepared by Poland, which holds the rotating EU presidency, to address the need for increased European defense investments amid rising threats from Russia.
37 Articles
37 Articles
EU Paves Way for Rise in European Defense Spending
The President of the European Commission, Ursula von der Leyen, has approved the relaxation of fiscal rules to allow European Union countries to spend more on defense. “Let there be no room for any doubt, I believe when it comes to European security, Europe has to do more, Europe must bring more to the table, and to achieve this, we need a surge in European defense spending,” Von der Leyen said in a speech at the Munich Security Conference on Fr…
European leaders tried to take advantage of the Munich Security Conference to contain the damage of the abrupt turnaround of Donald Trump and his Administration over the war in Ukraine. The containment effort was deployed in several ways, from a demonstration of political support from EU leaders to the Ukrainian President, Volodimir Zelenski, to multiple contacts with the US delegation to try to persuade about the risks of certain approaches and…
The European Union is relaxing its strict budget rules to allow governments to increase investment in defense, European Commission President Ursula von der Leyen announced on Friday.
EU Commission President von der Leyen wants to enable higher defence spending. Among other things, there are threats from Russia and the course of the new US government.
It was Greece's firm position, the prime minister stressed - Earlier, the Commission president said that the Commission would propose activating the "escape clause" for defense spending, so that it would be exempt from budgetary restrictions.
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