• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

EU weighs $840 billion plan to ‘rearm Europe’ after US pauses Ukraine aid

by March 4, 2025
written by March 4, 2025

The European Union has a new plan to spend $840 billion more on its own defense after President Donald Trump paused aid to Ukraine and peace negotiations hit a wall.

‘I do not need to describe the grave nature of the threats that we face, or the devastating consequences that we will have to endure if those threats would come to pass,’ EU Commissioner Ursula von der Leyen told reporters on Tuesday. 

She said she had written a letter to the heads of state of all European governments outlining a ‘set of proposals’ to ‘rearm Europe.’ 

‘A new era is upon us,’ von der Leyen wrote in the letter. 

The plan details ‘how to use all the financial levers at our disposal in order to help member states to quickly and significantly increase expenditures in defense capabilities, urgently now, but also over [a] longer period of time, over this decade.’ 

Countries in the EU would have access to loans of up to $158 billion for defense investment, according to the proposal. It also calls for relaxing strict debt ceilings agreed to by the bloc for defense spending. 

‘This will allow member states to significantly increase their defense expenditures without triggering the excessive deficit procedure,’ she said, referring to the rule that requires nations to bring their deficits down if they breach a certain amount. 

The proposal also involves using the existing EU budget to ‘direct more funds towards defense-related investments.’

‘With this equipment, member states can massively step up their support to Ukraine. So, immediate military equipment for Ukraine,’ she said.

The new defense plan comes as Washington recalibrates its relationship with Europe, and conservative Republicans push Trump to lead efforts to pull the U.S. out of the North Atlantic Treaty Organization (NATO). 

European leaders held an emergency summit over the weekend in London to discuss how to support Ukraine after the Oval Office meeting between Trump and Ukrainian President Volodymyr Zelenskyy brought peace negotiations to an abrupt halt. 

At that summit, European leaders discussed ways to keep military aid flowing, increase economic pressure on Russia, and establish a ‘coalition of the willing’ of European nations ready to offer forces to act as a safeguard against another invasion by Russia once the two sides reach a peace agreement. 

‘This is a moment for Europe, and we are ready to step up,’ said von der Leyen. 

Even France’s Marine Le Pen, leader of the conservative National Rally party, called the U.S. action a form of ‘brutality.’ 

‘I consider the brutality of this decision to be reprehensible,’ she said of the move to pause aid. 

‘It is very cruel for Ukrainian soldiers engaged in a patriotic defense of their country,’ she insisted, adding that it was ‘very questionable’ not to give the Ukrainians a warning before doing so. 

The temporary pause will apply to all U.S. military aid not yet in Ukraine. It is expected to last until the White House determines that Zelenskyy is committed to peace talks.

‘We are pausing and reviewing our aid to ensure that it is contributing to a solution,’ a White House official said.

After President Joe Biden shipped over a $500 million aid package on his way out the door in January, some $3.86 billion from previously approved aid packages remains, a defense official told Fox News Digital, including Guided Multiple Launch Rocket Systems (GMLRS) and anti-tank weapons and thousands of artillery rounds and armored vehicles. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
The Hitchhiker’s Guide to President Trump’s speech to Congress tonight
next post
Trump urged by ‘fiscal responsibility’ group to show he’s ‘serious’ about $36T debt

related articles

Biden camp skipped Super Bowl interview amid Robert...

August 8, 2025

Steve Bannon has two-word answer to dismiss 2028...

August 7, 2025

Biden camp skipped Super Bowl interview amid Robert...

August 7, 2025

$93 million in aid to fight malnutrition headed...

August 7, 2025

Who is Anita Dunn? The Biden confidante who...

August 7, 2025

Republican senator claims RFK Jr. mRNA vaccine decision...

August 7, 2025

Veteran Biden insider Anita Dunn appears in House...

August 7, 2025

Veteran Biden insider Anita Dunn to appear in...

August 7, 2025

Trump-Putin meeting agreed upon ‘in principle,’ Kremlin aide...

August 7, 2025

Junk food banned from SNAP benefits in 6...

August 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • One year after 10/7, Iran is losing the war. Now, Israel must secure peace

    October 7, 2024
  • What to expect as Republicans try to salvage spending package, avoid government shutdown

    December 19, 2024
  • Trump, South Africa in growing row over hotly contested land law, country’s deals with US foes

    February 9, 2025
  • CAVA Stock Price: News and Price Forecast 2025

    September 2, 2024
  • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

    June 7, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,660)
  • Investing (634)
  • Stock (876)

Latest Posts

  • Randall Terry on destroying the Democratic Party: ‘I’m running to be margin of defeat … in the swing states’

    August 21, 2024
  • Eli Manning says ‘only one team’ he’d take an ownership stake in: The New York Giants

    January 7, 2025
  • Exiled Iranian prince tells Trump he can be ‘one of history’s great peacemakers’ amid talk of regime change

    June 30, 2025

Recent Posts

  • Trump dares AOC to try to impeach him: ‘Make my day’

    June 24, 2025
  • ‘Should have been prepared’: GOP senators fight for unified message on Trump’s ‘big, beautiful bill’

    August 6, 2025
  • Sen. Rand Paul pledges to get Trump’s cabinet picks approved ‘as quickly as possible’

    December 22, 2024

Editor’s Pick

  • Trump exerted ‘maximum pressure’ on Iran and Israel to ‘deliver peace’: Leavitt

    June 27, 2025
  • Republican Erik Olsen to face off against Democrat in deep blue Wisconsin district

    August 14, 2024
  • Tension builds around Tulsi Gabbard’s confirmation with key GOP senators undecided

    January 30, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock