Reported about 5 hours ago
The European Union intends to propose €150 billion in loans to enhance defense spending as a response to U.S. President Donald Trump’s withdrawal of American security support in Europe. EU Commission President Ursula von der Leyen revealed plans to activate a mechanism allowing member states to add €650 billion to their defense budgets over the next four years without incurring penalties, potentially mobilizing nearly €800 billion in total. This initiative reflects Europe’s urgent need to bolster military capabilities and provide support for Ukraine amidst escalating geopolitical tensions.
Source: YAHOO