
European Commission President Ursula von der Leyen has presented a ReArm Europe plan to increase EU defense spending, saying Europe could mobilise around €800 billion for this.
“We are living in an era of rearmament. And Europe is ready to significantly increase its defense spending. Both to respond to the short-term need to act and support Ukraine, and to meet the long-term need to take much greater responsibility for its own European security,” she said.
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