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,

The Commission president has presented an ambitious action plan distributed in five points, combining a "significant" increase in national spending, totaling 600 billion, with 150 billion in EU loans.

The EU is set to launch its biggest defense push yet, with an €800 billion plan to boost military power and support Ukraine.

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'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.

EU Commission President Ursula von der Leyen on Tuesday unveiled an €800 billion ($842 billion) plan to boost European defence by extending new loans and easing budgetary rules to allow countries to boost their spending.

Deputy Premier, Transport Minister and League leader Matteo Salvini was critical on Tuesday after European Commission President For Ursula von der Leyen announced a plan to 'rearm Europe' that she said could mobilise close to 800 billion euros.

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.