The EU is poised to spend up to €800billion (£660billion) on defence thanks to a new major continental funding drive, European Commission chief Ursula von der Leyen has vowed. On Tuesday, Von der Leyen proposed a borrowing drive worth €150billion to lend to EU Governments - which,

The Commission president has presented an ambitious action plan distributed in five points, combining a "significant" increase in national spending, totaling 600 billion, with 150 billion in EU loans.

Europe's new vision is clear: focus more on its own defence and become less dependent on the United States. With ‘ReArm Europe’, European Commission President Ursula van der Leyen has already outlined European plans.

European Commission President Ursula von der Leyen presented on March 4 the ReArm Europe plan aimed at strengthening the defense capabilities of European countries. The announcement comes amid seismic geopolitical shifts as U.

European Commission President Ursula von der Leyen said the massive ‘ReArm Europe’ package will be put to the 27 EU leaders.

EU Commission President Ursula von der Leyen on Tuesday unveiled an €800 billion ($842 billion) plan to boost European defence by extending new loans and easing budgetary rules to allow countries to boost their spending.

Europe urgently needs to rearm and member states must be given the fiscal space to carry out a surge in defence spending, European Commission President Ursula von der Leyen said on Sunday after a meeting about support for Ukraine.

In an interview with The Guardian, the President of the European Commission, Ursula von der Leyen, said that Europe urgently needed to rearm. She will be proposing a plan this week. Following the London summit,

The plan envisages mobilization of 800 billion euros and includes loans worth 150 billion for defense needs. The funds will be used for the production of air defense equipment and modernization of defense infrastructure among EU member states,

A five-part plan to bolster Europe’s defence industry and increase its military capability could raise nearly €800bn and help provide urgent military support for Ukraine after the US suspended aid to Kyiv,

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