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EU proposes €800 billion defense plan to 'rearm Europe'

Politiko 2025-03-04 11:04:26

EU proposes €800 billion defense plan to 'rearm Europe'

European Commission President Ursula von der Leyen presented a plan on Tuesday to boost the European defense industry and increase military capabilities.

"We are in an era of rearmament and Europe is ready to massively increase its defense spending," Von der Leyen said.

She said the plan, called "Rearm Europe," could mobilize around 800 billion euros ($841.5 billion).

"We will continue to work closely with our partners in NATO. This is a moment for Europe and we are ready to grow ," Von der Leyen told reporters in Brussels.

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