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‘Watershed moment’: EU leaders close to agreeing €800bn defence plan

European Union leaders have agreed to a significant increase in defense spending, endorsing a €800 billion plan proposed by Ursula von der Leyen to enhance Europe's sovereignty and reduce strategic dependencies. This decision, seen as a "watershed moment," aims to bolster support for Ukraine amidst heightened tensions. While most leaders, including Germany's Olaf Scholz and Poland's Donald Tusk, supported the initiative, Hungary's Viktor Orbán opposed it. The plan involves restructuring fiscal rules and increasing national defense budgets, with Germany and Poland signaling changes to their defense policies. This shift reflects a broader European strategy to strengthen defense capabilities and support Ukraine.
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