European Defense Funds, EIB, Stability Pact: The Cards on the Table for the Arms Race
"We live in dangerous times, our security is seriously threatened, the question now is whether we will be able to react with the necessary speed." These were the words of the European Commission President, Ursula von der Leyen, during the press conference in Brussels on March 4, where she launched the "ReArm Europe Plan".
The Plan, structured in 5 points, outlines a series of proposals to strengthen European defense. As von der Leyen explained, "it is about using all available financial levers for rearmament, Europe must invest massively and urgently for both the short and long term." This strategy, overall, would allow mobilization of up to 800 billion euros from national resources, freed by the exemption from the Stability Pact, and European resources, also in the form of market loans.
