US EditionEU Approves €150 Billion SAFE Loan Scheme to Reinforce Defense Industry
- The European Union approved a 150 billion-euro loan scheme called SAFE on May 27, 2025, to boost defense spending within the bloc.
- The program responds to security threats, especially from Russia and Belarus, and addresses member states' calls for financial support to meet NATO defense targets.
- SAFE will raise funds using the EU's triple-A credit rating, loaning money to member states with 65 percent of weapon value required to be produced in the EU, EFTA countries, or Ukraine under a 65-35 rule.
- France's Europe Minister Benjamin Haddad praised SAFE as an important advancement, emphasizing the EU's commitment to prioritizing its own industrial sectors, lessening reliance on external powers such as the United States, and promoting Europe's strategic independence.
- The scheme expires in 2030, aims to foster joint procurement and strategic autonomy, and represents a compromise that requires broad participation before funds begin flowing.
151 Articles
151 Articles
The EU has set up a EUR 150 billion armaments fund to equip its members and Ukraine with European weapons. Arte celebrates the war economy on the occasion.
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nuclear-newsRoads to War: The EU’s Security Action for Europe Fund
As the world was readying for the Second World War, the insightful humane Austrian author Stefan Zweig made the following glum observation: “Openly and flagrantly, certain countries express their will to expand and make preparations for war. The politics of rearmament is pursued in broad daylight and at breakneck speed; every day you read in the papers arguments in favour of armaments expansion, the idea that it reduces unemployment and provides…
European Union Adopts Historic Defense Program
The European Union has officially adopted a historic $170 billion defense program. The program, called the Security Action for Europe (SAFE), will “support those member states that wish to invest in defence industrial production through common procurement, focusing on priority capabilities,” a statement from the Polish Presidency of the Council of the EU says. We have adopted the first large-scale defence investment programme on the EU level wor…
EU Approves $170 Billion Defense Fund as Europe Moves to Take Charge of Own Security
The European Union (EU) has formally adopted a landmark $170 billion defense financing program aimed at rearming the continent, bolstering its defense industry, and reducing reliance on the United States as the war in Ukraine rages on and questions swirl about America’s future engagement in Europe’s security amid increasing risks in the Pacific posed by communist China. The new instrument, known as the Security Action for Europe (SAFE), was fina…
On Tuesday, 27 May, the European Union countries finally adopted an agreement in principle to facilitate their joint arms purchases, as part of a European programme with some EUR 150 billion, the EU Council said.
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