
EU weighs $840 billion plan to 'rearm Europe' after US pauses Ukraine aid
Fox News
European Union commissioner unveils new plan to spend $840 billion bolstering Europe's defenses after President Trump paused aid to Ukraine and peace negotiations hit a wall.
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."
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