EC announces 800 billion euro plan to "re-arm" Europe

European Commission (EC) President Ursula von der Leyen on March 4 announced an 800 billion euro plan to significantly increase the European Union (EU)'s defense spending.

Báo Nhân dânBáo Nhân dân05/03/2025


Faced with growing security challenges, Europe has entered an “era of rearmament,” Ms. von der Leyen stressed, stressing the urgency of strengthening Europe's defense capabilities.

In a letter to EU leaders ahead of the European Council summit on March 7, she proposed a “ReArm Europe” plan to strengthen the region’s defense capabilities.

The plan, she said, is not only about dealing with short-term challenges, including supporting Ukraine, but also laying the foundations for a long-term strategy that will help Europe take on more responsibility for its own security.

According to the EC statement, “ReArm Europe” includes a series of proposals to mobilize financial resources to support member states’ defense investments in the short term and over the next decade.

The plan includes several key points, under which the EU will adjust fiscal rules to allow member states to increase defense spending without violating budget limits.

According to the plan, if EU countries increase defense spending by 1.5% of gross domestic product (GDP), this could create financial space of up to nearly 650 billion euros, supporting the implementation of important defense projects.

At the same time, the EU will launch a €150 billion loan program to help member states jointly invest in key military capabilities, including air and missile defense, artillery systems, missiles and ammunition, unmanned aircraft and counter-UAV systems, cybersecurity and military mobility.

The plan also promotes joint procurement among EU countries, helping to reduce costs and increase coordination between European armed forces, while facilitating the provision of more military aid to Ukraine.

In addition, the EU will also encourage member states to use regional development programmes to invest in defence, in addition to seeking to attract private sector investment in defence through special initiatives and strengthening the role of the European Investment Bank.

Ms. von der Leyen affirmed that the “ReArm Europe” plan will help the EU play a more proactive role in the security field, while continuing to cooperate closely with partners in the North Atlantic Treaty Organization (NATO).


Source: https://nhandan.vn/ec-cong-bo-ke-hoach-tai-vu-trang-chau-au-tri-gia-800-ty-euro-post863114.html


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