EU defence plans could mobilise 800 billion euros, von der Leyen says
New EU plans to strengthen Europe's defence industry and increase military capabilities could mobilize close to 800 billion euros ($841.4 billion), EU Commission President Ursula von der Leyen said on Tuesday.
The EU will propose to give member states more fiscal space for defence investments, as well as 150 billion euros in loans for those investments, and will aim to mobilize private capital as well, von der Leyen said.
Source: Reuters
