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The European Union approves the € 150 billion cash fund to boost Europe’s defense

The European Union approved the establishment of a fund of 150 billion euros aimed at enhancing Europe’s defense potential, a move that caused by increasing fears of Russian aggression and uncertainties surrounding US security commitments. The Fund, known as security for Europe (secure), received the green light from EU ministers at a meeting in Brussels on Tuesday, marking the final legal step in creating the program. The initiative will use EU joint lending to provide loans to European countries for cooperative defense projects. The proposal was supported by 26 of the 27 EU Member States, with Hungary abstaining. “We have

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