AssetID: 54953356
Headline: UNCAPTIONED: EU Nations Request €127B in Loans to Boost Defense and Support Ukraine
Caption: EU Nations Request €127B in Loans to Boost Defense and Support Ukraine. Eighteen EU countries have requested a total of €127 billion in low-interest loans from the European Commission under a new defense initiative called SAFE – Security Action for Europe. The plan, part of the broader ReArm Europe strategy, aims to reduce the EU’s long-standing reliance on the U.S. for military needs - According to Politico. From Estonia to Portugal, member states hope to use the funds for defense upgrades and to supply weapons to Ukraine. Poland made the largest known request — €45 billion. The loans will allow joint arms purchases, offering lower prices and up to 45 years to repay. Although Tuesday was the soft deadline, countries can still join by formally applying before November 30. The Commission hailed the strong response as proof of growing EU unity in defense. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,EU,defense,loans,€127B,Ukraine,SAFE,ReArm Europe,military,European Commission,low-interest,Poland,weapons,joint purchases,45 years,November 30,EU unity,funding,Estonia,Portugal,Politico
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