A countdown of just one day counts from today (19.3.2025) for its critical regular summit EU (20 – 21 March 2025) with a key issue of supporting the Ukraine and the strengthening of the Euro -Defense.
It is recalled that the EU’s Extraordinary Summit on March 6, 2025, gave the first green light to the Commission’s proposal for the 800 billion euro package to boost European defense, while at the table (after the meeting of European Foreign Ministers) and a € 40 billion package to Ukraine.
Of the € 800 billion in the European Defense package (which acquires new momentum after the Merz package for the constitutional review of the debt brake yesterday, Tuesday 17.3.25), the € 150 billion will be for a new European fund and the 650 billion euros will come from each of the European Fund. —Slave with his information Newsit.gr- To estimate that it could earn (through that clause) around € 400 million additional fiscal space, which it could use to relieve income relief (eg by decrease in taxes).
The Community debate on the 150 billion euro fund is still open, with various proposals on the table eg the Euro -bond issuance, the use of savings as a leverage capital for Defense loans from European Investment Bank (EIB) As revealed the newsit.gr.
In terms of Activation of the national escape clausethe Greek side, as reported by his report newsit.grargues that regardless of which year it will be taken as a reference basis, A European average spending should be formedso that all Member States benefit, by allowing them to “escape” their expenditure from a certain point and then, depending on what they spend.
Athens is of particular importance to ‘Simultaneous’ activation of national escape rheumators for all Member States. Especially for countries with high public debt and lower ratings, such as Greece, it is crucial to make such a provision, as it is pointed out, “markets are waiting in the corner”. The same sources say that regardless of the escape clauses, if a country “overcomes” it then the markets will punish it.
However, in the Ministry of Finance there is optimism that Greece will not be excluded from the terms of activation of a national escape clause, as this would be “crazy”, especially in this international geopolitical backdrop that requires the maximum effort for European defense from all Member States.
Because of this critical scene, the procedures are accelerating, and a final decision at European level will certainly be ready in May, if not April, and its power will be from 2026 onwards 4 years.