SpaceWar.com reports: “EU chief Ursula von der Leyen Tuesday presented a five-part plan to mobilise some 800 billion euros for Europe’s defence — and help provide ‘immediate’ military support for Ukraine after Washington suspended aid.

‘A new era is upon us,’ the European Commission president said in a letter presenting the plan to EU leaders, two days before a summit aimed at cementing joint action on support for Ukraine and European security longer term.

‘Europe faces a clear and present danger on a scale that none of us has seen in our adult lifetime,’ she wrote, as she outlined options for funding a European defence surge.

‘’ReArm Europe’ could mobilise close to 800 billion euros of defence expenditures for a safe and resilient Europe,’ she told reporters in Brussels as she outlined the contents of her plan…”