The European Union has agreed to invest nearly €800 billion ($870 billion) in defense spending over the coming years, a significant increase aimed at bolstering Europe’s security. The move comes amid tensions with Russia and uncertainty over US support for Ukraine.
European leaders have reiterated their commitment to Ukraine, but the lack of new financial aid from the United States has raised concerns about the bloc’s ability to sustain its efforts. The EU’s defense spending plan is intended to empower member states rather than Brussels bureaucrats.
Germany, a key player in the EU, has announced significant increases in defense spending, with the country’s next chancellor indicating willingness to rewrite the constitution to loosen debt rules. Other countries, such as France, are also re-examining their military budgets.
The European Commission will present a white paper on defense later this month, which could outline additional ideas for bolstering Europe’s defenses. While consensus among EU leaders has been established on the need for increased spending, other issues remain contentious, including seizing Russian assets and using nuclear weapons as a deterrent.
Source: https://www.dw.com/en/eu-summit-on-ukraine-europe-seems-ready-to-spend-on-defense/a-71853358