At a special EU summit in Brussels on March 6, the bloc’s 26 member states decided to mobilize about €800 billion ($867 billion) for what the leaders described as necessary for the “rearmament of Europe.” European Commission President Ursula von der Leyen,  was tasked with working out the details soon on how members could be helped to finance their share in the effort.

Source: https://www.dw.com/en/eurobonds-eu-plans-debt-revolution-to-finance-defense/a-71881746?maca=en-rss-en-all-1573-rdf