European Commission President Ursula von der Leyen unveiled a five-point strategy on Tuesday, March 4, aimed at mobilizing approximately €800 billion for strengthening Europe’s defense and providing “immediate” military assistance to Ukraine following the suspension of aid from Washington.
“In this new era, we stand united,” the president stated in a letter addressed to EU leaders, just two days ahead of a summit focused on reinforcing collaborative efforts regarding support for Ukraine and ensuring long-term European security. “Europe is confronted with a clear and immediate threat unlike anything we have experienced in our lifetime,” she noted while detailing potential funding strategies for a defense enhancement across the continent.
“‘ReArm Europe’ could generate nearly €800 billion in defense spending to ensure a secure and resilient Europe,” she explained to journalists in Brussels while presenting the key elements of her initiative. The initial proposal includes recommending that the EU relax its strict budgetary regulations to enable member countries to boost their defense expenditures. “This will permit member states to substantially increase their defense spending without triggering the excessive deficit procedure,” she added, referring to a protocol that mandates governments to reduce deficit levels if they exceed established thresholds.
The second proposal introduces a new “instrument” aimed at offering €150 billion in loans to member states specifically for defensive investments. “This initiative is fundamentally about improved spending efficiency – and collective investment,” von der Leyen remarked. “We are discussing pan-European capability sectors – such as air and missile defense systems, artillery, missiles, ammunition, drones, and counter-drone technologies.” “With this equipment, member states can significantly enhance their support for Ukraine, enabling the provision of immediate military supplies,” she stated.
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