EU defense plans could mobilize 800 billion euros, von der Leyen says

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New EU plans to strengthen Europe's defense industry and increase military capabilities could mobilize close to 800 billion euros ($841.4 billion), EU Commission President Ursula von der Leyen said on Tuesday.

The EU will propose giving member states greater fiscal space for defense investments, along with 150 billion euros in loans for those investments, while also seeking to mobilize private capital, von der Leyen said.

Source(s): Reuters

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