US EditionEU 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
This is a new defense plan for the European Union, which the President of the European Commission Ursula von der Leyene wants to implement urgently. Concretely, there is talk of a rearmament of the states of the Union - including Romania, done in 5 steps. Thus, they must allocate up to 1.5% of GDP for defense, and for this - says von der Leyen - 800 billion euros have been mobilized so that the states facing budget deficits are not affected by t…
All 27 EU countries have agreed on the defence conclusions for an EU summit on Thursday in Brussels. This was reported by an EU diplomat. Thus, all EU countries - including Hungary - are now standing up for...
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.
EU 'rearmament' plan has no funding
The proposal to increase defense spending by $840 billion is based largely on debt, according to the news outlet. European Commission President Ursula von der Leyen's attempt to increase military spending across the EU is not backed by cash and shifts the financial burden to member states, Euractiv has reported, citing senior EU officials. The so-called 'ReArm Europe Plan,' backed mostly by debt and fiscal adjustments, asks EU nations to spend $…
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 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...
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