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News in English (USA) / 04.03.2025 / 19:00

EU Launches Ambitious €800 Billion Defense Initiative Amidst Growing Security Concerns

In a significant response to increasing geopolitical threats and the shifting dynamics of international alliances, the European Union has unveiled an ambitious plan to rearm Europe, proposing to mobilize up to €800 billion. This comes in the wake of the United States pausing military aid to Ukraine, prompting EU leaders to consider enhanced military spending and investment in defense capabilities. The proposal includes a variety of funding options to support military enhancements, with some estimates suggesting a potential total investment reaching $840 billion. EU Commission President Ursula von der Leyen emphasized the urgent need for Europe to boost its military power, highlighting that this rearmament represents an era of new defense values for the continent. As Europe seeks to assert its security independence, major defense contractors are witnessing a surge in stock prices, reflecting optimism about this unprecedented commitment to military readiness.
Reuters, Fox News, Foreign Policy, The Wall Street Journal, The Guardian, Bloomberg, Yahoo, DW (English), POLITICO Europe, The Telegraph