The EU is poised to spend up to €800billion (£660billion) on defence thanks to a new major continental funding drive, European Commission chief Ursula von der Leyen has vowed. On Tuesday, Von der Leyen proposed a borrowing drive worth €150billion to lend to EU Governments - which,

European Commission President Ursula von der Leyen said the massive ‘ReArm Europe’ package will be put to the 27 EU leaders.

President of the European Commission Ursula von der Leyen said the group will soon present a plan for rearming Europe during a summit of leaders in London.

European Commission President Ursula von der Leyen presented on March 4 the ReArm Europe plan aimed at strengthening the defense capabilities of European countries. The announcement comes amid seismic geopolitical shifts as U.

Europe urgently needs to rearm and member states must be given the fiscal space to carry out a surge in defence spending, European Commission President Ursula von der Leyen said on Sunday after a meeting about support for Ukraine.

EU Commission President says she will inform member states on Tuesday about plans to strengthen the European defense industry and the EU's military capabilities. The EU will hold an emergency summit on Thursday.

EU chief Ursula von der Leyen Tuesday presented a five-part plan to mobilize some 800 billion euros for Europe's defense — and help provide "immediate" military support for Ukraine after Washington suspended aid.

European Commission President Ursula von der Leyen has stated that Europe must urgently rearm. She will propose a plan for this next week, informs The Guardian. Following a summit in London, von der Leyen said that European leaders had a productive and candid discussion about what is needed to put Ukraine in a position of strength.

Europe's new vision is clear: focus more on its own defence and become less dependent on the United States. With ‘ReArm Europe’, European Commission President Ursula van der Leyen has already outlined European plans.