Brussels (Agencies): In a historic move to strengthen Europe’s defense capabilities, leaders of the European Union have approved a sweeping plan to increase military spending by up to €800 billion. The decision comes amid growing concerns over the United States scaling back its support for Ukraine and signaling a shift in its security commitments to Europe.
European Commission President Ursula von der Leyen unveiled the Rearm Europe Plan, which includes a €150 billion loan program to help EU member states invest in joint defense projects. Additionally, an adjustment to the Stability and Growth Pact could allow governments to exclude defense spending from their national budgets, potentially unlocking €650 billion over the next four years. The plan is designed to enhance air and missile defense systems, artillery, drones, and other critical military capabilities.
The urgency of the summit was heightened by recent U.S. decisions, including the suspension of military aid and intelligence-sharing with Ukraine. Reports indicate that American envoys will meet with Ukrainian officials in Saudi Arabia next week to discuss a potential ceasefire, raising concerns in Europe about being left out of crucial negotiations. Ukrainian President Volodymyr Zelensky addressed EU leaders, emphasizing that any decisions regarding Ukraine’s future must involve Kyiv.
Despite strong backing for the defense plan, divisions within the EU persist. Hungary refused to sign a collective statement on Ukraine, highlighting internal challenges in securing unified support. The move to boost European defense spending represents a fundamental shift away from reliance on the U.S. security umbrella, underscoring Europe’s commitment to self-reliance in an increasingly uncertain geopolitical landscape.