EU Announces ReArm Europe Plan: €800 Billion Defense Push

European Commission President von der Leyen announces the ReArm Europe (Readiness 2030) Plan, aiming to unlock 'nearly €800 billion' for European defense — comprising €650 billion in fiscal flexibility for member states and a €150 billion SAFE loan instrument. It is the EU's most ambitious defense investment initiative in history and a direct response to US conditionality under Trump.