Meloni Presses Leonardo, Fincantieri on Spending EU Defense Cash

Meloni presses Leonardo, Fincantieri on spending EU defense cash

Italian government and industry leaders are rushing this week to figure out how to spend a EU-backed windfall of billions of euros in defense cash.

Italy joins EU’s SAFE Defense fund to boost military readiness

Decoding the news. Italy has joined the EU’s SAFE (Security Action for Europe) program, unlocking €14 billion in long-term, low-interest loans to modernize its armed forces and support Europe’s defense industry. The move positions Rome at the heart of Brussels’ Readiness 2030 strategy, aimed at deterring Russia and reinforcing Europe’s collective security. Why it matter. SAFE is the EU’s first major tool to address Europe’s military gaps after …