What is “ReArm Europe? यूरोपीय संघ की 800 अरब यूरो की रक्षा योजना का उद्देश्य क्या है?

Why in News? European Union chief Ursula von der Leyen  has recently unveiled a five-part plan to mobilize 800 billion euros for Europe’s defense and deliver immediate military support to Ukraine following the suspension of US aid.

What is the purpose of the EU’s 800 billion euros defence plan?

The plan, called “ReArm Europe,” is designed to enhance Europe’s defense capabilities and provide immediate military support to Ukraine in light of the suspension of US aid. It focuses on ensuring European security amidst increasing threats and uncertainties.

How will this plan help Ukraine?

The plan allows EU member states to quickly supply Ukraine with military equipment, including:

• Air and missile defense systems
• Artillery and missiles
• Drones and anti-drone systems

This immediate support aims to strengthen Ukraine’s defense capabilities against ongoing threats.

Why is this plan being proposed now?

The proposal comes as the EU faces what European Commission Chief Ursula von der Leyen described as a “clear and present danger.” Key factors include:

• Rising security threats in Europe.
• Uncertainty over continued US support for Ukraine following the suspension of aid.
• Comments from former US President Donald Trump regarding NATO that have heightened concerns about transatlantic security reliance.

How will EU countries finance their increased defence spending?

• Suspension of strict budget rules: EU countries can increase spending without triggering excessive deficit procedures.
• EU loans and redirected funds: Financial assistance will support defense-related investments.

This flexible financial approach ensures that countries can meet the plan’s goals without excessive economic strain.

What role does the European Investment Bank (EIB) play in this plan?

EU leaders are exploring the removal of restrictions on the European Investment Bank (EIB) to enable it to:

• Finance defense companies.
• Provide easier access to capital for military-related projects.

This adjustment aims to strengthen the financial framework supporting the defense sector.

What does this mean for Europe’s long-term security?

The plan signifies a pivotal shift toward EU self-reliance in defense.

• It reduces dependency on the United States.
• Enhances military preparedness and resilience.
• Marks a comprehensive step towards a more secure and united Europe capable of addressing modern threats independently.