The EU is poised to spend up to €800billion (£660billion) on defence thanks to a new major continental funding drive, European Commission chief Ursula von der Leyen has vowed. On Tuesday, Von der Leyen proposed a borrowing drive worth €150billion to lend to EU Governments - which,

European Union (EU) leaders will gather in Brussels on Thursday for a summit which could see member states mobilise up to 800 billion euros to 'ReArm Europe' as proposed by European Commission President Ursula von der Leyen to ramp up the defence spending,

European Commission President Ursula von der Leyen presented on March 4 the ReArm Europe plan aimed at strengthening the defense capabilities of European countries. The announcement comes amid seismic geopolitical shifts as U.