EU Unveils €800B Defense Plan After U.S. Aid Freeze
European Commission President Ursula von der Leyen has unveiled a five-part plan to strengthen Europe’s defense, aiming to mobilize nearly €800 billion in response to U.S. aid suspension to Ukraine. Announced ahead of a key EU summit, the “ReArm Europe” initiative includes easing budget rules, creating a €150 billion defense loan facility, redirecting EU funds, […]
