Here is the latest from Germany regarding European Security and the potential future of EUROFOR:
Von der Leyen reveals five-point 'rearm Europe' plan
We're now hearing from the president of the European Commission, who says Europe is ready to "massively" boost its defence spending and that we are in an "era of rearmament".
Ursula von der Leyen says she has written a letter to European leaders and is outlining a five-point rearm Europe plan:
- Unleash the use of public funding on defence - if member states increase defence spending by 1.5% of GDP, von der Leyen says this could create fiscal space close to €650bn over four years
- New instrument providing €150bn of loans to member states for defence investment
- Using the power of the European Union's budget
- Mobilising private capital through the Savings and Investment Union
- Mobilising private capital through the European Investment Bank
Von der Leyen explains the plans to strengthen Europe's defence and increase military capabilities could mobilise around €800bn.
"This is Europe's moment and we must live up to it," she adds.