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Image header Agence Europe
Europe Daily Bulletin No. 13642
ECONOMY - FINANCE - BUSINESS / Economy/defence

Member States fine-tune ‘SAFE’ European instrument for granting loans to increase national military spending

At the instigation of the Polish Presidency of the Council of the European Union, Member States’ ambassadors to the European Union (Coreper) are working hard to try and reach an agreement by a qualified majority of EU countries on the proposal for a regulation establishing the ‘SAFE’ budgetary instrument, which will grant loans of up to €150 billion to States that wish to increase their national military spending.

An extraordinary Coreper meeting has been called for Sunday 18 May,...

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