The EU is poised to spend up to €800billion (£660billion) on defence thanks to a new major continental funding drive, European Commission chief Ursula von der Leyen has vowed. On Tuesday, Von der Leyen proposed a borrowing drive worth €150billion to lend to EU Governments - which,

European Union leader Ursula von der Leyen says the bloc is "in an era of rearmament," as Trump casts rising doubt on old alliances.

European Commission President Ursula von der Leyen delivered a press statement outlining the ReArm Europe Plan, ahead of the European Council meeting. Speaking from Brussels, she emphasized the urgency of strengthening defense capabilities across EU member states.