💨 Abstract

The European Commission has proposed borrowing up to 150 billion euros ($157.76 billion) to lend to EU governments for defense projects, driven by concerns over Russia's war in Ukraine and doubts about U.S. protection. The plan includes boosting defense spending on air defense, missiles, and drones, and could mobilize up to 800 billion euros for European defense.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖