EU Commission proposes 800-billion-euro defence plan

The European Commission proposed new joint EU borrowing of 150 billion euros for defence, part of an 800 billion total financing effort to enhance Europe’s defence capabilities. The funds will be used for pan-European capability domains like air and missile defence, artillery systems, and cyber needs, aiming to reduce costs and increase interoperability. EU leaders will discuss the proposal at a special summit, with the potential for EU countries to spend up to 800 billion euros on defence projects.

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