EU’s €170 Billion Defense Plan: Building a Fortress Against Russia
The European Union officially launched a €150 billion ($170 billion) defense loan instrument, called SAFE, to bolster Europe’s defense industry and support Ukraine against Russia’s ongoing aggression. This initiative, bypassing EU fiscal spending limits, will fund weapons procurement and production capacity increases for eligible EU member states, EFTA members, and Ukraine. The program aims to address capability gaps and significantly increase military aid to Ukraine, effectively doubling its current weapons supply. SAFE is a key component of the broader ReArm Europe program, facilitating an additional €650 billion in defense spending across the EU.
John Q. Hosedrinker