-We are in the arms age – the head of the European Commission pointed out in a speech Tuesday, adding that during a recent meeting with European leaders, he found that the continental nations were ready to significantly increase their defence spending.
Von Der Leyen described it as both the “short-term” costs associated with the assistance of Russian occupants and the “long-term” which allows them to ensure stable safety and “accept greater responsibility for their shoulders.”
Ursula von der Leyen presents plans for “Europe Reclamation” – “Rearm Europe”
Ursula von Der Leyen informed him that he had sent a letter to the European leader. It discussed a five-point plan to use financial resources to quickly and dramatically strengthen the European Union’s defensive capabilities.
The first point envisages the release of public funds at the national level. – Member States are ready to invest more in their defense and we must make sure they can do so. Activation of national clauses for stabilization would significantly increase defence spending without initiating an undue defence procedure. If the state raises costs by 1.5%. GDP generates nearly 650 billion euros over four years – explained the EC chairman.
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One of the key points of the plan is to become a “new instrument” in the form of a 150 billion euro loan granted to EU member states for defence investments. Von Der Leyen believes it’s about spending money to get gun systems, long range shells, drones, prevention systems, or anti-aircraft defense systems.
She added that it is also about improving mobility and cybersecurity care. The loan is to allow member states to purchase equipment that can help Ukrainian forces fight off attacks from Russian occupying parties. – It will be translated into Ukrainian military aid – explained the head of the EC.
Von Der Leyen: Europe is ready to rise to the challenge
Von Der Leyen pointed out that the plan she presented would also be to “use the power of the European budget.” – Here you can do a lot to redirect more money into defense-related investments in the short term. It can be proposed to member states new possibilities and incentives and announced that they will decide whether they want to use the program for defense spending — she said.
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The EC chair announced that he hopes to mobilize private capital and involve the European investment bank. “This is a European moment and we have to meet him,” she insisted.
– In conclusion, Europe is ready to take over responsibility at the height of its sentence. “Liam Europe” is able to mobilize nearly 800 billion euros for defensive and resistant Europe. We work closely with our NATO partners – summarizing Ursula von der Reyen.
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