
EU leaders back new defense spending plans after Trump signals that Europe must fend for itself
BRUSSELS (AP) — European Union leaders on Thursday backed new defense spending plans aimed at freeing up billions of euros for the continent’s security after the Trump administration signaled that Europe would have to fend for itself in future.
The 27 leaders signed off on a move to loosen budget restrictions so that willing EU countries can increase their military spending. They also urged the European Commission to explore new ways “to facilitate significant defense spending at national level in all Member States,” a statement said.
The EU’s executive branch estimates that around 650 billion euros ($702 billion) could be freed up in this way.
The leaders also took note of a commission offer of a loan package worth 150 billion euros ($162 billion) to buy new military equipment and invited EU headquarters staff “to examine this proposal as a matter of urgency.”