The Polish Presidency of the Council of the European Union is maintaining its objective of reaching a political agreement “by the end of May” by a qualified majority of Member States on the ‘SAFE’ budget instrument, which will provide up to €150 billion in loans to countries which want to increase their military spending (see EUROPE B13631A3).
There are “very few outstanding issues”, said a senior diplomat on Thursday 8 May, confident that a political agreement could be...