The chief of the European Union’s executive is proposing an 800 billion-euro ($841 billion) plan to beef up EU defenses.

The European Commission proposed new joint EU borrowing of 150 billion euros to lend to EU governments for defence as part of an overall 800 billion total financing effort to boost Europe's defence capabilities.

The European Commission proposed on Tuesday new joint European Union borrowing of 150 billion euros ($157.76 billion) to lend to EU governments for defense as part of an overall 800 billion financing effort to boost Europe’s defense capabilities.

European Commission President Ursula von der Leyen said the massive “REARM Europe” package will be put to the 27 EU leaders who will meet in Brussels on Thursday in an emergency meeting following a week of increasing political uncertainty from Washington,

European Union commissioner unveils new plan to spend $840 billion more on its own defense as U.S. support for Ukraine falters.

US President Donald Trump has suspended military aid to Ukraine, heaping pressure on Kyiv to agree to peace negotiations with Russia and prompting Europe to unveil an 800 billion euro plan to shore up its defense.

EU chief Ursula von der Leyen Tuesday presented a five-part plan to mobilise some 800 billion euros for Europe's defence -- and help provide "immediate" military support for Ukraine after Washington suspended aid.

Ursula von der Leyen proposes €800bn ‘rearm Europe’ defence fund plan to step up Ukraine support after Donald Trump’s US suspension -

The European Union, EU has announced a plan to ‘Rearm Europe’, which will mobilize up to $840 billion (€800 billion) in defense investment across the bloc. The President of the European Commission, Ursula von der Leyen announced this on Tuesday.