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EU countries agree on big defence fund, diplomat says
Published by Global Banking & Finance Review®
Posted on May 19, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 19, 2025
1 min readLast updated: January 23, 2026
EU countries have agreed on a €150 billion fund to enhance defence, known as SAFE, financed through joint borrowing to support projects in Europe and Ukraine.
BRUSSELS (Reuters) -EU countries have in principle agreed on the proposals for a 150 billion euro ($168.3 billion) fund aimed at boosting Europe's defence, known as Security Action for Europe (SAFE), an EU diplomat said on Monday.
The plan, proposed by the European Commission in March, will be financed through joint borrowing and give loans to EU members and certain other countries such as Ukraine for projects that bolster their defences and boost Europe's arms industry.
($1 = 0.8913 euros)
(Reporting by Jan Strupczewski and Bart Meijer;Editing by Sudip Kar-Gupta)
The main topic is the EU's agreement on a €150 billion defence fund to enhance Europe's defence capabilities.
The fund will be financed through joint borrowing by EU countries.
EU member states and certain other countries like Ukraine are eligible for loans from the fund.
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