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Poland's €45bn defence loan bid makes up third of EU total

Euronews · Recent
Euronews
Euronews
Recent

More European Union member states may decide to request loans before the formal deadline in late November.

Breakdown
  • 18 EU member states have applied for defence loans under the SAFE instrument.
  • Total loan requests so far amount to €127 billion. 13s
  • Poland's €45 billion loan bid represents about a third of the total requested. 13s
  • The SAFE instrument provides up to €150 billion in loans for defence spending. 1m 1s
  • The program aims to boost defence production and fill capability gaps in the EU. 1m 20s
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