The European Union has proposed borrowing €150 billion in a significant rearmament push, driven by concerns over Russia’s growing military presence and the future of US protection in the region. The move is set to be discussed among EU leaders during a special summit on Thursday.
The proposal, announced by the European Commission, aims to boost defense spending within member states. This comes as tensions between Russia and Western countries continue to escalate, particularly following Russia’s invasion of Ukraine.
European leaders are under pressure to respond to these developments and demonstrate their commitment to collective defense. The proposed borrowing will likely be used to finance military modernization efforts and enhance the EU’s overall defense capabilities.
The special summit on Thursday is expected to bring together EU leaders to discuss the proposal in detail and determine the next steps forward. This move marks a significant shift in the EU’s approach to defense, as it seeks to reduce its reliance on NATO and instead invest in its own military capabilities.
Source: https://www.reuters.com/world/europe/eu-defence-plans-could-mobilise-800-billion-euros-von-der-leyen-says-2025-03-04