EU Agrees on Defense Investments, Divided Over Ukraine Support
The EU commits to a historic rearmament plan while Hungary blocks consensus on Ukraine aid at a pivotal summit.
- The EU launched the 'ReArm Europe' initiative, aiming to mobilize €800 billion for military investments, with up to €150 billion in EU-backed loans.
- Hungary's Viktor Orban opposed a unified declaration on Ukraine support, leaving the other 26 EU nations to reaffirm their backing, including continued arms deliveries.
- Ukrainian President Volodymyr Zelenskyy expressed gratitude for EU solidarity during his visit, highlighting the importance of European support for Ukraine's sovereignty.
- French President Emmanuel Macron proposed a European nuclear defense initiative based on French capabilities, sparking discussions among interested member states.
- Outgoing German Chancellor Olaf Scholz emphasized maintaining NATO's US-led nuclear deterrent, citing its unmatched scale and existing agreements.