-
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
-
Cummins, Hazlewood in spin-heavy Australia squad for T20 World Cup
-
Ex-boxing champ Joshua discharged from hospital after fatal car crash
-
The EPOMAKER RT82: Where Retro Meets Modern Technology
-
Zelensky says deal to end war '10 percent' away
-
Trump bashes Clooney after actor becomes French
-
We are '10 percent' away from peace, Zelensky tells Ukrainians
-
Trump says pulling National Guard from three cities -- for now
-
World welcomes 2026 with fireworks after year of Trump and turmoil
-
Ivory Coast top AFCON group ahead of Cameroon, Algeria win again
-
World welcomes 2026 after a year of Trump, truces and turmoil
-
Ivory Coast fight back to pip Cameroon for top spot in AFCON group
-
Second Patriots player facing assault charge
-
Trump-hosted Kennedy Center awards gala ratings plummet
-
Israel begins demolishing 25 buildings in West Bank camp
-
Cambodian soldiers freed by Thailand receive hero's welcome
-
Sudan lose to Burkina Faso as Algeria win again at Cup of Nations
-
Man City's Rodri and Doku could return against Sunderland
-
French minister criticises Clooney's 'double standard' passport
-
Ukrainians wish for peace in 2026 -- and no more power cuts
-
Glasner coy over Palace pursuit of Spurs striker Johnson
-
Neville labels Man Utd's draw with Wolves 'baddest of the bad'
-
Sydney falls silent before fireworks bring in 2026
-
Stocks pull lower at end of record year for markets
-
France plans social media ban for children under 15
-
Mbappe suffers knee sprain in blow for Real Madrid
| RBGPF | -0.37% | 80.75 | $ | |
| AZN | -0.63% | 91.93 | $ | |
| BP | -0.06% | 34.73 | $ | |
| RIO | -0.61% | 80.03 | $ | |
| GSK | -0.53% | 49.04 | $ | |
| SCS | 0.12% | 16.14 | $ | |
| NGG | -0.54% | 77.35 | $ | |
| CMSD | 0.09% | 23.15 | $ | |
| CMSC | -0.15% | 22.65 | $ | |
| VOD | -0.15% | 13.21 | $ | |
| RELX | -1.71% | 40.42 | $ | |
| RYCEF | 0.13% | 15.51 | $ | |
| BTI | 0.12% | 56.62 | $ | |
| JRI | 0.22% | 13.61 | $ | |
| BCC | -0.26% | 73.6 | $ | |
| BCE | 1.05% | 23.82 | $ |
Rocked by Trump, EU seeks to kickstart defence push
The EU on Wednesday will look to fire the starting pistol on plans to help member states bolster their defences, as Europe grapples with an aggressive Russia and the potential loss of US security protections.
US President Donald Trump has turbocharged calls for Europe to rearm by casting doubt on Washington's central role in NATO and making overtures towards Russia on Ukraine.
In a bid to give the EU's 27 countries the tools to ramp up spending, Brussels this month unveiled a raft of proposals it says could mobilise up to 800 billion euros ($875 billion).
Now officials are putting flesh on the bones of those plans and setting a timeline -- starting from next month -- for member states to react.
"If Europe wants to avoid war, Europe must get ready for war," European Commission chief von der Leyen said Tuesday.
"By 2030, Europe must have a strong European defence posture."
The plan proposes easing the bloc's fiscal rules to allow states to spend much more on defence, a measure the commission says could potentially unlock 650 billion euros over four years.
In a white paper to be unveiled Wednesday Brussels was set to urge EU countries to kick off that process by April, according to a draft seen by AFP.
It also says they should approve "as a matter of urgency" an initiative to provide member states with up to 150 billion euros in loans backed by the EU's central budget.
But the paper steers clear of recommending a bigger programme of joint borrowing, despite some EU countries arguing that the bloc needs the same massive infusion of cash it pumped in to recover from the Covid pandemic.
- 'No big bang' -
Bolstering Europe's defences is to top the agenda at an EU leaders' summit later this week, the second time in less than a month that they will have urgently addressed the subject.
The proposals from Brussels are just a part of efforts being put into action by governments as they come to terms with the realisation the United States may no longer have their backs.
The likes of Poland and the Baltic states have already ramped up their spending well beyond the NATO threshold of two percent of GDP.
Lawmakers in economic heavyweight Germany on Tuesday took the seismic move of voting for a colossal defence and infrastructure spending package proposed by chancellor-in-waiting Friedrich Merz.
An EU diplomat said the white paper captured the "threat and urgency" of the challenge facing the bloc but did not go far enough on ways to boost funding.
"All in all there is no big bang," the diplomat said.
But others argued that even if the proposals fell short of what some were hoping, there had still been a revolution in how the EU approaches defence in recent weeks.
"It's a good opening gambit," a second diplomat said.
A key part of the EU's proposals is to not just equip its forces to face the menace from Russia but also to make sure investments bolster European defence firms.
Von der Leyen said Brussels wanted countries to use the 150-billion-euro programme to do more "joint procurement and buy more European".
She said 65 percent of the content of weapons bought under the scheme should be of "European origin".
"For us it's important that if we invest these billions of euros in defence investment, we need a return on investment in Europe," she said.
T.Sanchez--AT