Brussels – The European Commission has announced a significant initiative to bolster Europe’s defense capabilities, proposing an €800 billion financing effort. A key component of this plan is a proposal for €150 billion in new joint EU borrowing, intended to provide loans to member state governments for defense expenditures. This move comes amid heightened geopolitical tensions and aims to strengthen the EU’s collective security posture.
EU Unveils Massive €800 Billion Defense Plan, Including €150 Billion in Joint Borrowing
