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Higher European defence budgets a first step, production needed, NATO’s Rutte says

  • Higher European defense budgets are a first step in response to U.S. President Donald Trump's pause on aid to Ukraine, according to NATO Secretary General Mark Rutte.
  • The European Commission announced a plan to lend up to €150 billion to boost military spending among member states.
  • Germany plans to debate changes to state borrowing rules to support defense funding and infrastructure measures.
  • European government bond yields will continue to rise due to increased defense spending, as stated by BNP Paribas Asset Management.
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indiandefensenews.in broke the news in on Friday, March 7, 2025.
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