The European Union is set to hold emergency talks to discuss increasing military budgets in response to the Trump administration’s signal that Europe must take care of its own security. The meeting comes after President Donald Trump ordered a pause to US military supplies to Ukraine, bringing fresh urgency to the EU summit in Brussels.
The focus of the summit will be on finances and how to set the EU up to provide for its own security and help Ukraine, while breaking with decades of dependence on the US defense umbrella. European Commission President Ursula von der Leyen has proposed raising up to 150 billion euros on financial markets to loan to member countries to buy new military equipment.