EU countries have resumed conversations about joint loans to strengthen defense | The economy

The EU leaders held a summit on Thursday (20) to discuss the defense and security of the alliance after Donald Trump’s political turn amid growing negotiations about a common debt to fund the initiative.

The EU’s Executive Arm European Commission has launched a massive plan for the alliance’s reorganization on Wednesday, making him expected to mobilize up to 800 billion euros (4.93 trillion rias).

This package has an initiative on credit lines for 150 billion, but this is not to the level of creating a simple loan, the idea of ​​discussing this idea.

At the end of the summit in Brussels, French President Emmanuel Macron explained his government position, although the problem was yet to be unanimously reached.

The agent said, “I believe that we have to make a simple loan,” at the moment, this is not a consensus. “

In turn, the head of the German government, Olaf Skolz, shut down the door and reiterated his traditional position in contrast to the general debt.

“Germany’s position is well known,” he said.

Upon reaching the summit, Latvia Prime Minister Evika Silina said that the prestigious proposal was only the “first step” before.

“We are ready for other discussions on how we can find more funds,” he said.

The Prime Minister of Greece Kiriacos insists “We should be more prestigious”.

“I think we should seriously discuss the opportunity of the general loan mechanism that gives concessions to alliance countries,” he said.

Meanwhile, the Netherlands Prime Minister Dick Shoof gave a clear opposition to a common loan from his country.

“Our position is contrary to Eurobonas,” he said, representing the headlines that support resources.

The document with summit resolutions this Thursday said that “the acceleration of works (…) to decisive Europe’s defense capabilities.”

The text points out that “strong and more effective EU in the field of security and defense contributes positively to world and Atlantic security and complement NATO.”

It is possible to rest in this plan, four years, EU standards, thereby spending beyond the limit of allowed countries. The Commission predicts that the mechanism will increase about 650 billion euros (R 4 billion).

As part of the event, the EU alliance has asked the countries to start the process by April.

However, the Commission did not recommend a wide joint loan program.

“At the moment” this idea is not on this proposal, EU head of EU said Wednesday. “However, this idea is completely ignored? I don’t believe it,” he said.

The need to strengthen Europe’s ability to preserve the new geographical political reality is doubts about the continuation of the United States’s protection in the matter of this discussion and conflict.

A month ago, a telephone conversation between US President Donald Trump and his Russian pair Vladimir Putin suggested that Europe did not continue to rely on Washington’s defense.

Trump and Putin discussed the end of the war between Russia and Ukraine this week, and Europeans are now excluded from this conversation.

The intensity and necessity of the situation is great, this Thursday peak is the third in just six weeks.

The EU has quickly proved the limits of the European defense industry to provide arms to Ukraine to protect himself from Russia, leading the coalition to start a debate on emergency needs for further investment.