**EU Unveils Plan to Boost European Defense Capabilities**
The European Commission has announced a new plan called ReArm Europe, aimed at strengthening the defense capabilities of European countries. The plan was presented by President Ursula von der Leyen on March 4.
**A Response to Geopolitical Shifts**
The announcement comes amid significant changes in global politics. US President Donald Trump has changed Washington’s policy on Ukraine and Russia, raising concerns about transatlantic security. Von der Leyen noted that the real question is whether Europe is prepared to act decisively and quickly in response to these shifts.
**Key Points of the ReArm Europe Plan**
The plan consists of five key points:
1. **Increase Defense Spending**: The European Commission proposes activating a clause that would allow member states to increase their defense spending without triggering an excessive deficit procedure.
2. **Loans for Defense Investments**: A new instrument will provide 150 billion euros in loans to member states for defense investments.
3. **Investment in the Defense Sector**: The EU will introduce additional opportunities and incentives for member states to invest in the defense sector using cohesion policy programs.
4. **Mobilizing Private Capital**: The plan aims to mobilize private capital by accelerating the Savings and Investment Union and through the European Investment Bank.
5. **Boosting Defense Expenditures**: The ReArm Europe plan could mobilize close to 800 billion euros for a “safe and resilient Europe.”
**Supporting Ukraine**
Von der Leyen emphasized that the new equipment provided by the ReArm Europe plan will enable member states to significantly increase their support for Ukraine and provide military aid immediately.
Read More @ kyivindependent.com