EU chief asks member nations to use European, not American defence systems

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EU chief asks member nations to use European, not American defence systems - Business Standard

Quick Summary:

European Union countries must purchase military equipment made in Europe under a new loan programme meant to help the continent provide for its own security, a top EU official said Tuesday, even though most of its defence materiel currently comes from US suppliers.

These loans should finance purchases from European producers, to help boost our own defence industry, Commission President Ursula von der Leyen told EU lawmakers.

At a summit last week, the EU's 27 leaders weighed a European Commission proposal for a new loan plan worth 150 billion euros (USD 163 billion).