Greece enters the Safe mechanism and claims € 1.2 billion for national defense

The Greek Government is proceeding with the official submission of a proposal for the country to participate in the new European Union’s funding mechanism. loans of at least 1.2 billion euros.

As announced by Prime Minister Kyriakos Mitsotakisby posting on social media, these chapters will be used to strengthen national defense and Greek defensive industryunder the Rearm Europe program.

In detail the post of the Prime Minister:

“The defense and security of the homeland is a national affair. For this reason, our government continues to enhance the deterrent power and operational capacity of the Armed Forces with plan, seriousness and strategic responsibility.

We make the most of the European Support tools available – laboratories for which we have played a leader. As for the activation of the national escape clause to strengthen defense, which ensures us fiscal space that will be fully utilized for the implementation of the long -term defense equipment program.

Our homeland, under the Rearm Europe program, will participate in the new EU’s Safe funding mechanism. Tomorrow we formally submit our proposal for SAFE’s integration, claiming low -profile loans of at least 1.2 billion euros to boost our national defense and defense.

Our integration into Safe enhances an already dynamic planning under the long-term defense program (BAE), which, while already stood at € 28.8 billion, is now increasing to € 30 billion for the period 2025-2036. The expansion of the equipment program reinforces the Greek defense and technological industry, creates significant opportunities for investment, productive partnerships and new jobs, increases the added domestic value and leads to greater national autonomy.

Greece is actively involved in shaping European defense and security policy.

This is just the beginning. My position remains that Europe should jump more ambitious and faster than wear. And that it must create a European Investment Fund for critical strategic utilities, such as the development of a single European missile shield.

We are investing in national defense, because we invest in the security, stability and future of our country. And in a strategically autonomous and geopolitical mature Europe. “

What is the European Defense Plan “Safe”

The European Union’s new funding tool of the European Union included in the White Paper to raise capital of up to € 150 billion, which will be donated to Member States to enhance their defense capabilities through joint supplies.