Skip to content

European Commission proposes €800 billion defense spending plan

EC President Ursula von der Leyen (Photo by Christophe Licoppe / European Union via WikiCommons, CC 4.0)

European Commission President Ursula von der Leyen on Tuesday unveiled a five-part "Rearm Europe" plan to mobilize €800 billion to enhance Europe's defense capabilities and provide military aid to Kyiv.

Firstly, she proposed a new financial instrument worth €150 billion to provide EU member states with loans backed by the EU budget for defense-related investments.

This post is for subscribers only

Subscribe

Already have an account? Sign In

Latest

Ukraine prosecutor general resigns amid probe into alleged call-center protection scheme

Ukraine prosecutor general resigns amid probe into alleged call-center protection scheme

Ukraine’s Prosecutor General Ruslan Kravchenko has submitted his resignation after an anti-corruption investigation implicated senior officials in his office in an alleged scheme to protect fraudulent call centers and launder criminal proceeds. Kravchenko tendered his resignation late on Sept. 7, calling it a “political decision” and saying he

Members Public