A pivotal moment for Europe is here.
And we are ready to step up and mobilise up to €800 billion for European defence by:
🛡️ Allowing EU countries to increase defence spending within budgetary rules
🇪🇺 Offering €150 billion in loans for defence investments
🏗️ Using cohesion funds for defence
📈 Boosting private investment
We will present these proposals to EU leaders at today's European Council meeting.
Europe is ready to assume its responsibilities.
@EUCommission
What can mean "Allowing EU countries to increase defence spending within budgetary rules"
Budgetary rules are already too restrictive to allow normal public sector to work correctly. How can they allow to spend even more for military spendings ?
I think I have the answer : spend even less on public sectors (health, school ...)
@parrot33 @EUCommission "How can they allow to spend even more for military spendings?"
By not applying normal borrowing limits to rearmament spending and by allowing countries to spend the remainder of post-pandemic relief funds on rearmament. This is what EU commission is proposing.
@elgregor @EUCommission
So funds that could have been used to improve health services will now be spent to improve death services.