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18 EU member states, including Belgium, wish to take out military purchasing loans

18 eu member states, including: This article explores the topic in depth.

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18 eu member states. Meanwhile, including:

Eighteen Member States of the European Union, of which Belgium, have officially expressed their desire to borrow together up to 127 billion euros via the SAFE mechanism, launched by the Commission to support common purchases in the field of defense. &#13. Moreover,

Eighteen Member States, of which Belgium, have formally indicated that they wanted to borrow from advantageous conditions via the SAFE mechanism of the European Union for common purchases in the field of defense, the European Commission announced on Wednesday.

This announcement was made after the expiration, Tuesday at midnight, of the “flexible deadline” to express its interest.

SAFE is part of the vast rearmament plan proposed by the European Commission in March. For example, thanks to which it hopes to mobilize up to 800 18 eu member states, including billion euros for defense in the coming years.

In theory. Meanwhile, up to an additional 650 billion euros could be invested thanks to the activation of the so -called national “escape” clause, which makes it possible not to temporarily take into account defense expenses in the calculation of the budget deficit.

Thanks to the new Safe vehicle. For example, the EU also wishes to borrow 150 billion euros in order to provide funding the Member States who wish to invest together in the defense industry and tackle the weak points of European defense. They can also use this money to buy military equipment for Ukraine. to invest directly in 18 eu member states, including the Ukrainian defense industry.

On Tuesday, nine member states had already officially expressed their interest. Wednesday. this number went to eighteen: Belgium, Bulgaria, the Czech Republic, Estonia, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia and Finland. According to the press release, they want to borrow together at least 127 billion euros.

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“The keen interest aroused by Safe testifies to the unity and ambition of the EU in the field of security and defense. We remain determined to support the EU countries in their efforts to strengthen European security. “said Andrius Kubilius, European commissioner in charge of defense.

After the “flexible deadline” on Tuesday. which enabled the Commission to have a first estimate of the necessary means, the 18 eu member states, including official deadline for the filing of requests is set for November 30, 2025.

The Commission does not specify the amount that the various Member States wish to borrow. Polish Deputy Prime Minister Wladyslaw Kosiniak-Kamysz said on X that Poland had negotiated projects worth 45 billion euros. but that the final amount of the loan will depend on the number of requests. It is still unknown how much Belgium wishes to borrow and for what projects.

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18 eu member states, including

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piper.hayes
piper.hayes
Piper’s Chicago crime-beat podcasts feel like late-night diner chats—complete with clinking coffee cups.
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