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Home World India

EU proposes borrowing 150 billion euros in big rearmament push

4 March 2025
in India
0
EU proposes borrowing 150 billion euros in big rearmament push
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The European Commission proposed to borrow up to 150 billion euros to lend to EU governments for rearmament in response to Russia’s actions in Ukraine and uncertainty about U.S. protection. European Commission President Ursula von der Leyen emphasized the need for increased defence spending, with a focus on air defence, missiles, and drones, as part of a larger 800 billion euro package to boost European defence capabilities. EU leaders will discuss the proposals at a special summit on Thursday, aiming to enhance defence spending among member states and repurpose existing funds rather than introducing new EU money.

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Tags: BigBillionborrowingEU military aidEU rearmament plansEuropean CommissioneurosNATO security concernsProposespushrearmamentRussia Ukraine warUS protection in Europe
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