European Union leaders have backed new defense spending plans in response to signals from the Trump administration indicating that Europe should enhance its security independently. The move involves relaxing budget restrictions to allow willing EU countries to boost military spending, potentially freeing up around 650 billion euros. Additionally, the European Commission proposed a loan package of 150 billion euros for purchasing new military equipment. This initiative, supported by Ukrainian President Zelenskyy, aims to strengthen Europe’s defenses amid evolving geopolitical challenges.

The plan, spearheaded by European Commission President Ursula von der Leyen, seeks to increase defense investments by member states, potentially reaching a total of 800 billion euros over four years. This shift marks a departure from previous declines in military spending in Europe and emphasizes the importance of defense and deterrence. While the plan has garnered support, concerns remain about its short-term viability, particularly regarding additional defense spending amidst existing national debt burdens.

The summit further addressed pressing security needs in Ukraine following a recent Russian missile attack in Kryvyi Rih. The discussion highlighted the urgency for Europe to protect itself and support Ukraine in the face of escalating threats. However, challenges persist in reaching consensus among EU nations, with Hungary posing potential veto threats. Despite the complexities, the summit sets the stage for ongoing discussions on defense spending and security measures, with a more detailed plan anticipated at the upcoming EU summit in March.