Eu's Von der Leyen: EU budget to back proposed 150 bln euros in defence loans
ReutersMar 4, 2025 10:03 AM
BRUSSELS, March 4 (Reuters) - European Commission President Ursula von der Leyen said in a letter to EU member states on Tuesday that 150 billion euros ($157.67 billion) in new loans for defence investments will be backed by the EU's budget.
Von der Leyen has announced new EU plans to strengthen Europe's defence industry and increase military capabilities could mobilize close to 800 billion euros.
($1 = 0.9514 euros)
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