EU Proposes €150 Billion Defense Loan as Trump Pulls Back
The European Union is set to propose extending €150 billion in loans to boost defense spending, following US President Donald Trump's pullback of American security on the continent. The bloc aims to adjust to this shift by mobilizing hundreds of billions of euros in additional financing. This move reflects the EU's desire to maintain a strong defense posture amidst rising tensions with Russia and other global challenges.
- As Europe seeks to strengthen its collective defense, it is also grappling with questions about the role of nationalism vs. cooperation in achieving shared security goals.
- Will the EU's new defense spending package be enough to bridge the gap between NATO and Russia, or will it simply reinforce existing power dynamics?