💨 Abstract

European Union leaders will discuss methods to finance a defense readiness increase, aiming to deter potential Russian attacks and reduce dependence on US security. The European Commission proposes raising around €800 billion over several years through joint EU borrowing (150 billion euros), relaxing EU spending rules, and using funds from the EU's 2021-2027 budget.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖