World News: EU must rearm by 2030, EU's von der Leyen says

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The European Union has unveiled a plan to bolster its defense capabilities by 2030, aiming to enhance military autonomy and reduce reliance on external allies.

European Commission President Ursula von der Leyen announced on Tuesday in Copenhagen, the EU's initiative to rearm itself by 2030, targeting a significant enhancement of the bloc's defense infrastructure.

The strategy aims to establish a credible deterrent in response to evolving geopolitical threats, notably the ongoing conflict in Ukraine and uncertainties regarding U.S. military support.

The "Readiness 2030" strategy, which will be announced on Wednesday local time, comprises several key components, including fiscal flexibility, defense loans, and infrastructure development.

The proposal also includes the creation of a European Military Sales Mechanism to streamline collective arms procurement across the EU and support arms manufacturers.

In Germany, the parliament has approved a historic spending package aimed at revitalizing the economy and bolstering defense capabilities.

The legislation, championed by incoming Chancellor Friedrich Merz, secured a two thirds majority in the parliament.

Key components of the package include a 545 billion U.S. dollar fund allocated over 12 years for infrastructure modernization and provisions for unlimited defense spending, facilitated by constitutional amendments easing strict debt regulations.

The bill now awaits approval from Germany's upper house to become law.

The International Olympic Committee commenced its 144th session in ancient Olympia, Greece, on Tuesday local time.

The session holds particular significance as it comes just before the election of a new IOC president, set to take place on March 20.

Seven candidates are contending for the presidency, including prominent figures such as the current IOC vice-president and an Olympic swimming champion who is Zimbabwe's current sports minister.

Outgoing President Thomas Bach, who has led the IOC since 2013, addressed the assembly at the Olympic Academy, emphasizing the session's role in honoring the organization's heritage and future.

Choi Chi-hee, Arirang News.