EU pushes emergency plan to send €150B in defense loans to governments

EU pushes emergency plan to send €150B in defense loans to governments
In a decisive move, European Union leaders have endorsed extraordinary measures to bolster defense spending amid rising global tensions. Following the uncertainty surrounding U.S. support under the Trump administration, EU leaders convened emergency talks to address the urgent need for increased military budgets. The proposed plan aims to mobilize approximately €800 billion ($860 billion) to enhance the continent's defense capabilities.This ambitious initiative includes provisions for loans to member states, enabling them to procure essential military equipment such as artillery, missiles, and drones. The commitment to rearm Europe reflects a collective recognition of the shifting geopolitical landscape and the necessity of a united front in support of Ukraine. As Europe seeks to fortify its defenses, the leaders' agreement marks a watershed moment in the region's security strategy, emphasizing the importance of self-reliance and cooperation in the face of external threats.