💨 Abstract

European Commission President Ursula von der Leyen announced a plan to boost EU defense spending, 'ReArm Europe', worth €800 billion. The plan includes a new €150 billion common defense fund, allowing member states to raise money from the EU for defense capabilities. This comes as the US suspends military aid to Ukraine, amidst US-EU disagreements over the war in Ukraine.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖