The 800 billion euro plan. What is known about the new EU decision on Ukraine
news.online.ua
Tue, 04 Mar 2025 12:03:46 +0200
Details of the EUs new ambitious plan for UkraineUrsula von der Leyen draws attention to the fact that Europes security is indeed under threat and that more needs to be done.
The real question for us is whether Europe is ready to act decisively, as the situation demands.
And whether Europe is ready to act quickly.
Ursula von der LeyePresident of the European Commissio Against this background, the politician calls for the immediate rearmament of Europe and increased support for Ukraine.The first part of the plan is the release of public funds to finance defense at the national level.According to von der Leyen, EU member states are willing to invest in defense if they have the fiscal space.
This could free up to 650 billion euros over four years.The second element will provide 150 billion in loans to member states for defense investments in air defense systems, artillery systems, missiles and ammunition, drone and antidrone systems, and joint equipment procurement.The third part of the plan is to use the power of the EU budget.
What is important to understand is that this does not require unanimity, so Hungary or Slovakia cannot block such decisions.Points 4 and 5 provide for the mobilization of private capital by expanding the investment market and through the European Investment Bank.
The EU is ready to take responsibility.
The European Rearmament Plan could mobilise around 800 billion in defence spending for a secure and resilient Europe.
Ursula von der LeyePresident of the European Commissio
Latest news
more news