-
The Crans-Montana fire: a Swiss tragedy that raises questions
-
Around 40 killed as fire ravages Swiss ski resort New Year party
-
Australia's Khawaja to retire after Ashes finale, slams 'racial stereotyping'
-
Frank accepts 'boring' jibes from Spurs fans after Brentford stalemate
-
Guardiola vexed by Man City's sloppy finishing in Sunderland draw
-
Tears and stunned silence at vigil for Swiss fire victims
-
Wembanyama to miss Spurs' NBA game Friday at Indiana: reports
-
Brazil's Bolsonaro heads back to prison after medical treatment
-
Man City charge stalls at Sunderland, Liverpool held by Leeds
-
Man City's title bid dented by Sunderland stalemate
-
Australia's Khawaja announces retirement from international cricket
-
Niners seek win for home-field playoff edge into Super Bowl
-
New York mayor Mamdani pledges left-wing success after taking office
-
Slot frustrated by blunt Liverpool in Leeds stalemate
-
Toothless Liverpool held by Leeds
-
Dozens killed as fire ravages Swiss ski resort New Year party
-
K-pop stars BTS to release album in March ahead of world tour
-
Fresh clashes kill six in Iran cost-of-living protests
-
Nigeria kicks off new tax regime vowing relief for low earners
-
Dozens killed in fire at Swiss ski resort New Year party
-
Leftist Mamdani begins first day as New York mayor
-
Maresca leaves Chelsea after just 18 months in charge
-
Dozens believed killed in fire at Swiss ski resort New Year party
-
Brazil Supreme Court rejects Bolsonaro request for house arrest on health concerns
-
Israel confirms ban on 37 NGOs in Gaza
-
Coach Maresca leaves Chelsea after just 18 months in charge
-
Russia blames Ukraine for deadly New Year drone strike
-
Coach Maresca leaves Chelsea - club
-
'Several dozen' believed killed in fire at Swiss ski resort New Year party
-
China's BYD logs record EV sales in 2025
-
Yemen separatists say Saudi-backed forces to deploy in seized territories
-
Wales rugby star Rees-Zammit signs long-term deal to stay at Bristol
-
'Several dozen' believed killed in fire at Swiss ski resort New Year bash
-
Hakimi, Salah and Osimhen head star-packed AFCON last-16 cast
-
Israel says it 'will enforce' ban on 37 NGOs in Gaza
-
Near record number of small boat migrants reach UK in 2025
-
Deadly fire ravages New Year celebration in bar at luxury Swiss ski resort
-
Several dead as fire ravages bar in Swiss ski resort town Crans Montana: police
-
Tsitsipas considered quitting tennis during injury-hit 2025
-
Sabalenka wants 'Battle of the Sexes' rematch and revenge
-
Osaka drawing inspiration from family at United Cup
-
Leftist Mamdani takes over as New York mayor under Trump shadow
-
Israel's Netanyahu among partygoers at Trump's New Year's Eve fete
-
Champagnie, Wemby lead Spurs comeback in Knicks thriller
-
Eight dead in US strikes on alleged drug boats: US military
-
Trump joins criticism of Clooney's French passport
-
AI, chips boom sent South Korea exports soaring in 2025
-
Taiwan's president vows to defend sovereignty after China drills
-
N. Korea's Kim hails 'invincible alliance' with Russia in New Year's letter
-
In Venezuela, price of US dollar up 479 percent in a year
| SCS | 0.12% | 16.14 | $ | |
| CMSC | -0.15% | 22.65 | $ | |
| NGG | -0.54% | 77.35 | $ | |
| RIO | -0.61% | 80.03 | $ | |
| BCC | -0.26% | 73.6 | $ | |
| AZN | -0.63% | 91.93 | $ | |
| GSK | -0.53% | 49.04 | $ | |
| BTI | 0.12% | 56.62 | $ | |
| BCE | 1.05% | 23.82 | $ | |
| BP | -0.06% | 34.73 | $ | |
| CMSD | 0.09% | 23.15 | $ | |
| RBGPF | -0.37% | 80.75 | $ | |
| JRI | 0.22% | 13.61 | $ | |
| VOD | -0.15% | 13.21 | $ | |
| RYCEF | 0.13% | 15.51 | $ | |
| RELX | -1.71% | 40.42 | $ |
Facing Trump and Putin, are the EU's defence plans enough?
Faced by a menacing Russia and unreliable United States, the EU is pushing a mammoth plan to boost its defences that Brussels says could unlock up to 800 billion euros ($860 billion).
"The time of illusions is now over," European Commission President Ursula von der Leyen said on Tuesday.
"We need a surge in European defence. And we need it now."
But there are major questions over how the European Union will get anywhere near that eye-watering headline figure.
Even if Europe does put its money where its mouth is -- would it be enough to deter Russian President Vladimir Putin and replace America's military might?
- Why now? -
EU countries have upped military spending since Russia's 2022 invasion of Ukraine -- but US President Donald Trump's return has turbocharged the urgency.
Trump has shocked Europe by pulling support for Ukraine and fuelled fears he could impose a peace plan that leaves Moscow emboldened.
Even more unnerving are threats Washington may not stand by its NATO allies and the sense Europe can no longer count on the US protection it has enjoyed for decades.
If the United States withdraws from Europe, it could take with it vast amounts of key weaponry needed to fend off Moscow and crucial manpower.
The Bruegel think tank estimates that for Europe to deter Russia on its own it would need to spend 250 billion euros extra each year on defence and come up with 300,000 more troops.
- What's the plan? -
The EU's proposal, unveiled last week, is based on two main elements.
The first is loosening budget rules to let governments spend more on defence -- a move that doesn't in itself put any more money on the table.
Von der Leyen says, however, that this could generate up to 650 billion euros over the next four years, if EU countries use it to ramp up defence spending by 1.5 percent of GDP.
The second key part of the plan is more concrete in terms of funding, with Brussels proposing to provide member states with EU-backed loans of up to 150 billion euros.
Von der Leyen says that money should be spent together by EU states on key weaponry made by European producers as the continent looks to bolster its own industry.
Beyond this, the plan from Brussels would also allow member states to repurpose funds intended for poorer regions and lift curbs on defence investments by its lending arm.
- Can Europe deliver? -
Given that the vast bulk of the plan relies on EU governments to step up, it will be more down to national capitals than Brussels.
Key European power Germany has already signalled it wants to get serious -- with likely next chancellor Friedrich Merz seeking to splash hundreds of billions on defence and infrastructure.
But that push has already hit political obstacles in Berlin, and other countries such as France and Italy are struggling with high debt levels.
"The big variable here is national decision making -- most of the money is under the control of national governments," said Ian Lesser of the German Marshall Fund think tank.
"That has evolved over the last weeks, and it's becoming clear that governments are more committed."
One hurdle to quick rearmament could be if Europe wants to spend its money only at home, as the perception grows the United States is no longer a trustworthy partner.
"The constraint may not be money, the constraint may be supply, as Europe still lacks the industrial capacity," Lesser said.
"The quickest way to build up capabilities for now is still to buy US equipment off the shelf."
- Is it enough? -
Three years after Russia unleashed Europe's biggest conflict since World War II, Brussels insists it is finally getting serious on defence.
But after numerous false dawns there is still a feeling that the bloc might be falling short of the sea change that is required.
Guntram Wolff from Bruegel called the EU's plan so far "only a first step in the future discussion".
"It goes into the right direction, but it's not enough," he told AFP.
Von der Leyen is set next week to put meat on the bones of her proposal ahead of an EU summit, and unveil further options to "substantially" boost financing.
"For now we only have the contours of an idea," said one EU diplomat. "We're still waiting for the details to pick over."
Some countries are pushing for a more ambitious EU-wide joint borrowing similar to the vast recovery fund set up during the Covid pandemic -- but so far it is a hard no from others.
"A real game changer would be a joint borrowing program focusing on capacities we don't have, to fill the gap with the US," Wolff said.
O.Brown--AT