Brussels proposes to mobilize up to 800,000 million euros in its European Rearme multi -million dollar plan
“We are in an era of rearme,” said the president of the European Commission, Ursula von der Leyen on Tuesday. The German conservative has presented the master lines of her multi -million dollar rearme plan to increase defense spending. It is a package of measures with national and European funds that aspires to mobilize about 800,000 million euros. “It is the time of Europe and we are willing to step forward,” said von der Leyen in a brief appearance in Brussels.
The new plan aims to help countries overwhelm their military spending and, at the same time, that support for Ukraine can be increased. And more now, when his sovereignty in his war against Russia once again hits a thread for the paralysis – of US military aid.
In its 800,000 million rearmament plan, the Von der Leyen team has designed several steps and includes several channels: activate the escape clause of the stability pact so that the expense in defense of the Member States does not count as indebtedness (and, therefore, do not penalize the states in the examination that the commission makes of its accounts), something that could mobilize about 600,000 million national euros, according to von der. Although that amount actually depends on the capital decide to take that step and spend more.
Also, as, it includes the creation of a new channel, fed with loans to the Member States (part from the Pandemic Recovery Fund that has not been completely used) to spend in defense, on strategic paneurpea projects and joint purchases.
The head of the Community Executive will also ask leaders to decide if they want to use unused or claimed cohesion funds for defense spending. The last route is the use of credit lines of the European Investment Bank (BEI).
