"We are living in dangerous times. Europe‘s security is threatened in a very real way.

Today I present the ReArm Europe plan:

▪️More fiscal space for national public funding for defence through the escape clause

▪️A new instrument for loans to EU countries for defence capabilities most needed

▪️More flexible use of EU funding towards defence investment

▪️More private capital mobilised via the Savings and Investment Union and the European Investment Bank.

ReArm Europe could mobilise close to €800 billion for a safe and resilient Europe. This is a moment for Europe. And we are ready to step up."

💬 President von der Leyen on the defense package

@europeancommission