A majority of French favor increased defense spending even if it means increasing France’s public deficit, according to an Ipsos poll that reflects the Trump administration’s policy shifts toward Europe and Ukraine.

European Commission President Ursula von der Leyen is planning to present a plan to rearm Europe. This will take place tomorrow, March 4, The Guardian reports. According to the head of the European Commission,

As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties.

The European Union agreed to begin discussions on a long-term reform of its fiscal rules to allow member states to spend more on defense, following a push from Germany.

Leaders of the European Union will call for increased flexibility in their funding rules to boost defense spending in the short term as the challenges posed by US President Donald Trump and Russia’s threat to the security of the continent are forcing a “once-in-a-generation” military build-up.

Twenty-six European Union leaders ignored Hungary to back a declaration of support for Ukraine at an emergency meeting, underscoring the difficult road ahead as the bloc tries to adopt ambitious reforms to mobilize new support for Kyiv.

Bullish sentiment on European natural gas is receding sharply, amplifying price swings as some investors pull out of the market amid mounting geopolitical uncertainties.Most Read from BloombergHow Upz