Stephanie Lecocq / EPA
Ursula von der Leyenen
The president of the European Commission, Ursula von der Leyen, said Tuesday that Europe will enter an era of mass rearmament-and plans to mobilize 800 billion euros for investment in European defense.
Ursula von der Leyen announced that it intends to mobilize 800 billion of euros for investment in European defense.
The “rearmar to Europe” plan implies the availability of 150 billion euros of financing for the 27 Member States of the European Union (EU), which should still react funds, such as cohesion, for investment in defense and rearmament.
Stressing “the serious nature of the threats” that the EU faces, given the context of, Ursula Von der Leyen added that “Europe is prepared to act with the decision and the required speed”, and must respond to short and long term needs.
The European Commission chairman challenged the EU leaders to mobilize “ immense European resources to defend democracyin a rearmament plan based on five pillars.
As already mentioned, the European Commission proposes to the Member States that the budget of the EU FINANCE IN 150 billion From euros the investment in defense in domains such as the air, artillery systems, military mobility and others.
Brussels also proposes Flexibility of the Stability and Growth Pact for investments in the scope of the “rearmar to Europe” plan.
A reaper of cohesion policy funds to help companies in the defense sector, the hiring credit lines with the European bank investment and Mobilization of Private Capital They are other pillars pointed out by the European Commission.
This announcement happens hours after the US President Donald Trump have announced a.
Nevertheless, von der Leyen stressed in a letter sent to European rulers that the EU appreciates the support given for decades to European security by Washington, reiterating.
