The urgent need to “run” the processes that will unblock the defensive costs of the EU discussed yesterday the finance ministers in ECOFIN.
Although the debate on Ecofin is described as “orientation” in the issue of defense spending, the Ministry of Justice, under the guidance of the Polish Presidency, agreed to “urgent need to support the European Defense Industry and discussed the financial and financial aspects of the SAFE”.
According to Polish Ministers, Andrei Domanski, a priority of 150 billion euros in attractive defensive investment loans must be released, with the Polish Presidency aimed at approving the Safe Regulation as soon as possible.
Safe is a new financial instrument that will help Member States increase spending on joint defense supplies through a financial subscription of up to € 150 billion in loans to Member States.
According to the EU’s rationale, this common approach to supplies will benefit both Member States and the industry, as it will help increase economies of scale, reduce costs and enhance the interoperability of systems and components.
The proposal is currently discussed in the Council’s preparatory bodies and the aim of the Presidency is to approve the proposal as soon as possible.