Europe’s leaders are caught between the need to boost their defence spending in a hurry, and their tight finances. The European leaders gathered by French President Emmanuel Macron on Monday at a rapidly convened summit in Paris may have debated the creation of a joint borrowing vehicle that would help shore up their militaries while mutualising the associated fiscal cost.

French President Emmanuel Macron, right, holds a video meeting gathering European Union (EU) 27 leaders following his meeting with US President Donald Trump, at the Elysee palace in Paris, Wednesday,

French President Emmanuel Macron has called leaders from key European Union nations and the United Kingdom to his ornate Elysee Palace for an emergency meeting Monday

European leaders hastily gathered in Paris to discuss Ukraine peace plans. Defense stocks jumped after EU members were allowed to ramp up spending on security.

European leaders hastily gathered in Paris to discuss Ukraine peace plans. Defense stocks jumped after EU members were allowed to ramp up spending on security.

A trade war is in no-one's interest but the European Union will respond after U.S. President Donald Trump said his administration would soon announce a 25% tariff on imports from the EU, said French government spokeswoman Sophie Primas.

This decision has caused unease among other European leaders, who worry about the continent's unity. According to Bloomberg, the meeting focused on defense spending in light of changing U.S. policies.

Incoming German leader will hold high-stakes talks with French president as Vladimir Putin and Donald Trump hover over Europe.

The emergency Ukraine summit held in Paris by European leaders on Feb. 17 exposed divisions between European countries, highlighting how they have so far failed to agree on a coherent plan for supporting Kyiv,

Participants of the informal meeting of EU leaders, key European institutions, and NATO officials agreed on fundamental principles for continuing support for Ukraine and strengthening European defense.

which is followed by new Russian attacks," warned Danish Prime Minister Mette Frederiksen ahead of the Paris meeting. European nations are bent on boosting Ukraine where they can, and EU nations ...

EU envoys have agreed on a series of bans on Russian imports in a new sanctions package, as heads of states prepare to meet again in Paris to discuss the future of European security and of the war in Ukraine.