#1 out of 16
world1d ago
Commission greenlights national defence investment plans worth €38bn
- The European Commission approved €38 billion in defence plans for eight EU states under the SAFÉ scheme.
- The eight countries will receive roughly €38 billion as the first wave of disbursement under SAFE.
- The Readiness 2030 package seeks to unleash up to €800 billion for defence by the end of the decade.
- The funding requires European-made equipment with no more than 35% non-EU component costs.
- Germany did not request any SAFE funds in this round.
- First payments are expected in March 2026 after ministerial approval.
- Countries to receive assistance include Belgium, Bulgaria, Denmark, Spain, Croatia, Cyprus, Portugal and Romania.
- The eight plans cover defence procurement like ammunition, missiles, drones and air defences.
- EU ministers have four weeks to approve the plans for disbursement.
- The scheme aims to boost European defence capabilities and industry within the SAFE framework.
Vote 0








