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This a momentous and dangerous time for Europe.

And we are ready to step up.

Today, we announce the ReArm Europe Plan, a bold initiative to mobilise up to €800 billion for European security.

It will help EU countries quickly and significantly boost expenditures in defence capabilities.

We are in an era of rearmament. And Europe is ready to massively boost its defence spending.

Press release: europa.eu/!MFPVMC

Leonard Ritter

@EUCommission the time we live in. let's hope this will be a good choice even in hindsight.