19 EU Member States Have Requested 150 Billion in Defense Loans
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3 Articles
19 EU member states have requested 150 billion in defense loans
At the end of July, the Commission already announced that 18 member states, including Belgium, had submitted a request to benefit from such a loan. Meanwhile, that number has risen to 19, after Denmark also put itself forward, which have applied for the full 150 billion euros. In principle, member states can still submit applications until the end of November, but it has become clear that the other eight member states are not interested in the l…
They will be distributed among the 19 countries that have requested them. 15 of them have activated the budget flexibility clause so that they do not compete as a deficit.
The President of the European Commission, Ursula von der Leyen, confirmed this Monday in Riga the full allocation of EUR 150 billion in defence loans under the SAFE programme. This is a measure which, according to Brussels, aims to strengthen the military capabilities of the Member States and respond to the growing threat posed by Russian aggression in Ukraine and instability on the continent's eastern borders.
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