US EditionEU Approves €150 Billion SAFE Loan Scheme to Reinforce Defense Industry
- On May 27, EU member states gave official approval to the SAFE initiative, a €150 billion loan program designed to enhance defense funding across the bloc.
- The SAFE scheme was proposed by the European Commission in March following member states' calls for financial support to meet NATO defense targets amid growing security threats.
- The scheme uses the EU's triple-A credit rating to raise funds on markets, then loans the amount to states under terms like no VAT on purchases and deferred repayment for ten years.
- The regulation requires that 65 percent of weapon value be produced in the EU, EFTA countries, or Ukraine, with 35 percent allowed from outside, reflecting a balance to include close partners and address production limits.
- The SAFE program aims to stimulate joint procurements and European defense autonomy, but funds will only flow once all participants agree on fair shares, signaling a cautious but significant defense market shift.
122 Articles
122 Articles
The Twenty-Seven Reach Agreement on the Safe Instrument, Which Is to Contribute to the Financing of Europe's Rearmament.
With EUR 150 billion, it will provide loans to Member States and associated third countries for joint procurement and development projects of military capabilities. ...
EU adopts €150 billion defense debt plan - Anonymous Wire
The initiative aims to fund European weapons production and procurement in order to reduce dependence on the US The Council of the European Union has formally endorsed a plan to fund military buildup efforts across the bloc through a €150 billion ($170 billion) borrowing mechanism. The initiative comes after Washington announced it would ramp down its involvement in Europe’s defense. The financing arrangement will allow the European Commission…
EU Prepares for Attack by Putin
In order to deter Russia from attacking another EU state after Ukraine, proper armament efforts are currently being undertaken. According to intelligence information, Russia is likely to be militarily able to start another war by 2030 at the latest. The EU now needs to provide for and provide up to EUR 150 billion for joint procurement of arms under the Safe (Security Action for Europe) project. Following a decision by the Member States, the mon…
EU Approves $170 Billion Defense Spending Plan
The European Union has approved a 150 billion-euro plan to significantly boost defense spending within the bloc through joint procurements and market loans, aimed at enhancing security and responding to geopolitical challenges.
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