The EU is poised to spend up to €800billion (£660billion) on defence thanks to a new major continental funding drive, European Commission chief Ursula von der Leyen has vowed. On Tuesday, Von der Leyen proposed a borrowing drive worth €150billion to lend to EU Governments - which,

The Commission president has presented an ambitious action plan distributed in five points, combining a "significant" increase in national spending, totaling 600 billion, with 150 billion in EU loans.

Europe's new vision is clear: focus more on its own defence and become less dependent on the United States. With ‘ReArm Europe’, European Commission President Ursula van der Leyen has already outlined European plans.

European Commission President Ursula von der Leyen presented on March 4 the ReArm Europe plan aimed at strengthening the defense capabilities of European countries. The announcement comes amid seismic geopolitical shifts as U.

EU Commission President Ursula von der Leyen on Tuesday unveiled an €800 billion ($842 billion) plan to boost European defence by extending new loans and easing budgetary rules to allow countries to boost their spending.

European Commission President Ursula von der Leyen said the massive ‘ReArm Europe’ package will be put to the 27 EU leaders.

The EU is set to launch its biggest defense push yet, with an €800 billion plan to boost military power and support Ukraine.

Europe urgently needs to rearm and member states must be given the fiscal space to carry out a surge in defence spending, European Commission President Ursula von der Leyen said on Sunday after a meeting about support for Ukraine.