EU announces €150 billion defense spending program (VIDEO)
The bloc’s security is “threatened in a very real way,” European Commission President Ursula von der Leyen has claimed
European Commission President Ursula von der Leyen has announced a €150 billion ($158 billion) loan programme to boost the bloc’s defense industry and increase the military capabilities of its members-states.
The so-called “ReArm Europe” project is aimed at making the EU “safer and more resilient,” von der Leyen said in a speech on Tuesday.
“This is a new instrument. It will provide €150 billion of loans to member states for defense investment,” she stressed.
The EU needs to start “spending better and spending together” on developing its military capabilities because “we are living in dangerous times. Europe’s security is threatened in a very real way,” the European Commission’s head claimed.
According to von der Leyen, the loans should allow member states to expand “pan-European capabilities” in such areas as air and missile defense, the production of missiles and ammunition, the manufacture of drones and anti-drone systems, cybersecurity, military mobility and others.
We are living in dangerous times.
— Ursula von der Leyen (@vonderleyen) March 4, 2025
Europe‘s security is threatened in a very real way.
Today I present ReArm Europe.
A plan for a safer and more resilient Europe ↓ https://t.co/CYTytB5ZMk
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March 03, 2025 at 11:04PM
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