“Today we spend just short of 2% of our GDP on defense. Every analysis agrees that we need to move north of 3%,” said Ursula von der Leyen.
She noted that since the EU's annual budget amounts to just over 1% of the bloc’s GDP, member states must shoulder most of the new investments.
“Some believed that Russia could be integrated in Europe's economic and security architecture. While others hoped that we could rely indefinitely on America's full protection. And so, we lowered our guard,” von der Leyen said.
She stressed that the “time of illusions” was over, calling for the bloc to strengthen its ability to defend itself.
She also reiterated the “urgent need” to address gaps in Ukraine's military supplies and ensure “solid security guarantees” for both Ukraine and the entire continent.
"Putin has proven time and again that he is a hostile neighbor. He cannot be trusted, he can only be deterred. And we know that Russia's military complex is outproducing ours,” von der Leyen said, underlining that the Kremlin spends more on its military than all of Europe combined.
“We all wish we could live in more peaceful times. But I am confident that, if we unleash our industrial power, we can restore deterrence against those who seek to do us harm,” she further said.
AzVision.az
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