European Commission President Ursula von der Leyen has declared that "Europe is in an era of rearmament," unveiling the €800 billion REARM Europe plan to strengthen defense capabilities and support Ukraine. She warned that Europe faces "the most momentous and dangerous of times" and must act decisively.
The plan aims to unlock €650 billion in fiscal space for EU nations to increase defense spending without breaching budget rules, alongside a €150 billion loan program for joint investments in air and missile defense, drones, artillery, and cyber capabilities.
The plan aims to unlock €650 billion in fiscal space for EU nations to increase defense spending without breaching budget rules, alongside a €150 billion loan program for joint investments in air and missile defense, drones, artillery, and cyber capabilities.
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