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The European Union’s $700 billion plan to ramp up defense spending: This is “Readiness 2030”

  • NATO members are currently reassessing and increasing their defense spending.
  • Russia's actions in Crimea and Ukraine prompted the renewed focus on military readiness.
  • European nations are exploring continental procurement while also addressing spending targets.
  • Secretary-General Rutte stated, "The expectation is that on this side of the Atlantic and Canada, we will spend more on defence."
  • The EU's altered debt rules, along with a €150 billion defense fund, could move expenditure closer to targets.
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Bias Distribution

  • 43% of the sources lean Left, 43% of the sources are Center
43% Center
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Newsweek broke the news in United States on Wednesday, April 2, 2025.
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