More than a rearming policy, EU needs an independent foreign policy
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The European Commission recently introduced a ReArm Europe Plan, which proposes to raise €150 billion ($161.68 billion) in the capital markets for the European Union member states as a loan for increasing investment in defense.
However, France, Italy, and Spain rejected the proposal, insisting that the EU should provide grants instead of loans to avoid adding to their national debt burdens.
Given how the US is shifting its policies toward Europe, reducing dependence on the US and achieving defense autonomy has become a common goal among European nations.
