Headlines
Eighteen EU members apply for a total of $147 billion from defence fund
Published by Global Banking & Finance Review®
Posted on July 30, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 30, 2025
1 min readLast updated: January 22, 2026
Eighteen EU nations have applied for $147 billion from the Security Action for Europe fund to enhance defence capabilities.
BRUSSELS (Reuters) -Eighteen European Union states have so far shown an interest in taking out loans worth a total of at least 127 billion euros ($147 billion) from a fund aimed at boosting the bloc's defences, the European Commission said on Wednesday.
The fund, known as Security Action for Europe, is ultimately expected to generate 150 billion euros in defence investments. Countries have until November 30 to submit their requests.
The Commission said the initial "strong interest" allowed it to prepare to raise funds on capital markets.
The countries that have so far shown interest are Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia and Finland.
($1 = 0.8667 euros)
(Reporting by Bart MeijerEditing by Mark Potter)
The Security Action for Europe Fund is a financial initiative by the EU aimed at boosting defense investments across member states, with expected contributions totaling 150 billion euros.
A loan is a sum of money that is borrowed and expected to be paid back with interest over a specified period.
A capital market is a financial market where long-term debt or equity-backed securities are bought and sold, facilitating the raising of capital.
A funding timeline outlines the schedule and deadlines for submitting requests for financial assistance or loans.
Explore more articles in the Headlines category
