On Tuesday 27 May, the Council of the European Union formally adopted the regulation establishing the ‘SAFE’ instrument, which will grant loans of up to €150 billion to Member States wishing to increase their military spending (see EUROPE B13645A28, B13642A3).
“We have adopted the first large-scale defence investment programme (...). This is not only a success for the [Polish] Presidency, but for the EU as a whole”, said Polish Minister for European Affairs Adam Szłapka.
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