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The European Commission has announced plans to raise €150 billion in loans to enhance the European Union’s air defense production and supply weapons to Ukraine.
This initiative, unveiled by Commission President Ursula von der Leyen, is part of a broader strategy to strengthen the bloc’s military capabilities amid growing security concerns.
In addition to the loan proposal, von der Leyen has put forward an ambitious €800 billion rearmament plan, calling on EU member states to increase their defense spending by at least 1.5% of their GDP. She emphasized the urgent need for a unified European defense strategy, arguing that security challenges require immediate and collective investment. “We must ensure that Europe is prepared to defend itself and support our partners,” she stated, stressing that military readiness is crucial for regional stability.
The loan initiative will focus on ramping up defense production, particularly in air defense systems, which have become critical due to the ongoing war in Ukraine. A portion of the funding will also be allocated to supplying Kyiv with much-needed weaponry as it continues to resist Russian aggression.
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This proposal comes at a time when there is increasing pressure for the EU to reduce its reliance on external defense suppliers and establish a more self-sufficient military industry. While some member states have raised concerns over the financial implications of such large-scale spending, supporters argue that strengthening Europe’s defense is a necessary response to shifting geopolitical threats.
If approved, the funding package would mark a significant expansion of the EU’s role in military financing, reinforcing the bloc’s commitment to both Ukraine and its long-term security. The plan is expected to spark intense debate among European leaders as they weigh the balance between financial prudence and military preparedness.
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