Italy Secures Potential €14.9 Billion SAFE Loan for Defence Enhancement
Italy Secures Potential €14.9 Billion SAFE Loan for Defence Enhancement
Italy’s government has reserved the option to borrow up to €14.9 billion from the EU’s SAFE facility to bolster its defence capabilities.
Deputy Premier and Foreign Minister Antonio Tajani announced that the decision on the actual amount to be drawn from the loan will be made by the end of the year. The SAFE initiative, designed to enhance European defence readiness, offers low-interest loans to EU Member States for joint procurement efforts. Defence Minister Guido Crosetto emphasized that the loan serves as a technical alternative to state bonds, while Economy Minister Giancarlo Giorgetti will consider its implications on Italy’s fiscal targets, particularly the deficit-to-GDP ratio.
For journalistic integrity, this report was summarized from: ansa.it
