BRUSSELS (AP) — European Union leaders are trumpeting their endorsement of a plan to free up hundreds of billions of euros to inject into their defense budgets after the Trump administration warned that the continent must look after its own security, including Ukraine, in future.
After more than 12 hours of talks on Thursday, the 27 leaders signed off on a scheme that would ease budget restrictions for defense spending, funnel some of the EU’s unused funds toward security priorities and provide 150 billion euros ($162 billion) in loans for military purchases.
As a priority, the funds would be spent on air and missile defense, artillery systems, ammunition, drones and air
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