EU commmitted to defence loan bill with poland despite president's veto
Published by Global Banking & Finance Review®
Posted on March 13, 2026
1 min readLast updated: March 13, 2026
Published by Global Banking & Finance Review®
Posted on March 13, 2026
1 min readLast updated: March 13, 2026
The European Commission reaffirms its commitment to the €43.7 billion SAFE defence loan for Poland amid a domestic political row following President Nawrocki’s veto, while Prime Minister Tusk insists Poland will access the funds regardless. SAFE, part of a €150 billion EU defence initiative, support
BRUSSELS, March 13 (Reuters) - The European Commission is committed to continue with the loan agreement with Poland under the EU's Security Action for Europe (SAFE), a Commission spokesperson said on Friday after Poland's president had said he would veto legislation enacting the mechanism to spend 43.7 billion euros.
Earlier on Friday, Poland's Prime Minister Donald Tusk already said Poland will use the European Union programme to fund defence despite the presidential veto of the scheme.
(Reporting by Gianluca Lo Nostro; Editing by Bart Meijer)
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The SAFE programme is an EU initiative to provide funding for defence, including loans to member states like Poland.
Poland's president vetoed the legislation needed to enact the €43.7 billion defence loan mechanism.
Yes, the European Commission and Poland's Prime Minister confirmed Poland will use the EU programme for defence funding despite the presidential veto.
The EU defence loan agreement for Poland is worth €43.7 billion.