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EU approves 150-billion-euro loan scheme to rearm
EU approves 150-billion-euro loan scheme to rearm
Economy
by  AFP

EU countries on Tuesday formally approved a new 150-billion-euro loan programme to help rearm in the face of Russia and worries over US reliability, according to the Polish presidency of the bloc. The borrowing programme is part of a package of measures including loosening budget rules that Brussels says could potentially unlock 800 billion euros of defence spending.