• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home World News Europe

Ursula von der Leyen says €150bn EU defence loans should be spent in Europe

March 11, 2025
in Europe
Reading Time: 3 mins read
A A
0
Ursula von der Leyen speaks at a podium during a debate at the European parliament in Strasbourg, France
9
SHARES
20
VIEWS
Share on FacebookShare on Twitter


Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

EU member states will not be able to spend €150bn of new funding for defence on US weapons, as Brussels seeks to rapidly increase the continent’s security while also developing its domestic arms industry.

The European Commission has proposed borrowing the €150bn worth of loans against the EU budget for member states to spend on weapons, as part of a push by European capitals to rapidly increase their defence capabilities in response to Donald Trump’s return as US president.

“These loans should finance purchases from European producers, to help boost our own defence industry,” commission president Ursula von der Leyen told the European parliament on Tuesday.

That means the cash would only be spent on weapons from EU nations and other like-minded European countries such as the UK, Norway and Switzerland, said officials briefed on her thinking.

The loans-for-weapons concept was given political backing by EU leaders last week. Von der Leyen has said she will present a full legal proposal before another summit of EU leaders next Thursday.

It will require support from a qualified majority of countries — representing 55 per cent of nations in the bloc and 65 per cent of its population — to be implemented.

It is unclear how many countries will access the funding, which will benefit member states whose cost of borrowing is higher than the EU’s, if it is agreed.

Trump’s threats to end US security protection for European Nato members and his decisions to suspend military aid to Ukraine and rekindle ties with Russia have spooked allies who fear they can no longer depend on Washington.

Von der Leyen’s “buy European” qualification comes as France and Germany tussle over how EU budget cash for defence can be spent.

France, which has long called for more “strategic autonomy”, has argued for restrictions on how much money can be spent outside the bloc, with a particular focus on reducing the amount of weapons bought from the US. A French official said there was a “broad consensus in favour of investing in the European Union”.

Germany has demanded more flexibility, in part to reflect the high number of large EU defence companies with deep supply chains or partnership agreements in countries such as the UK.

Almost two-thirds of the arms imported by European members of Nato over the past five years were produced by the US, according to research released this week.

Recommended

Von der Leyen said the loans “could focus on a few selected strategic capability domains, from air defence to drones, from strategic enablers to cyber” and be spent on contracts lasting several years “to give the industry the predictability they need”. 

Member states should agree joint contracts together, modelled on past initiatives to buy weapons and ammunition for Ukraine, such as a Czech-led scheme that has delivered more than 1.5mn large-calibre artillery rounds for Kyiv.

“One nation took the lead. Others joined in, to place larger orders. Industry scaled up, and prices went down. It was both quick and efficient. And this is exactly what we need right now: speed and scale,” von der Leyen added.

A separate proposal from the commission, to allow capitals to increase defence spending by up to 1.5 per cent of GDP over the next four years without breaching the EU’s rules on debt and deficit levels, would not have any geographical restrictions on where that additional money could be spent, commission officials said.

That could facilitate additional aggregate EU defence spending of about €650bn, von der Leyen has said.



Source link

Previous Post

How Ibtihaj Muhammad made Olympic history

Next Post

Japan’s Trade Minister fails to win U.S. assurances on tariff exemptions

Related Posts

Russia reels from surprise Ukrainian attack on bomber fleet

Russia reels from surprise Ukrainian attack on bomber fleet

June 3, 2025
5
Inside the Swiss valley partially swallowed by a glacier – DW – 06/03/2025

Inside the Swiss valley partially swallowed by a glacier – DW – 06/03/2025

June 3, 2025
3
Next Post
Japan's Trade Minister fails to win U.S. assurances on tariff exemptions

Japan's Trade Minister fails to win U.S. assurances on tariff exemptions

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Chaco Canyon is threatened by drilling (again)

Chaco Canyon is threatened by drilling (again)

June 3, 2025
Calm expands mental health support app internationally

Calm expands mental health support app internationally

June 3, 2025
Judge sentences Girardi to seven years in prison for stealing client money to fund lavish lifestyle

Judge sentences Girardi to seven years in prison for stealing client money to fund lavish lifestyle

June 3, 2025
Democrats don’t need to choose between populism and abundance liberalism

Democrats don’t need to choose between populism and abundance liberalism

June 3, 2025

Recent News

Chaco Canyon is threatened by drilling (again)

Chaco Canyon is threatened by drilling (again)

June 3, 2025
2
Calm expands mental health support app internationally

Calm expands mental health support app internationally

June 3, 2025
3
Judge sentences Girardi to seven years in prison for stealing client money to fund lavish lifestyle

Judge sentences Girardi to seven years in prison for stealing client money to fund lavish lifestyle

June 3, 2025
3
Democrats don’t need to choose between populism and abundance liberalism

Democrats don’t need to choose between populism and abundance liberalism

June 3, 2025
2

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Chaco Canyon is threatened by drilling (again)

Chaco Canyon is threatened by drilling (again)

June 3, 2025
Calm expands mental health support app internationally

Calm expands mental health support app internationally

June 3, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co