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[POLITICS] · Italy · 35 sources

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Italy to request €14.9 bn EU SAFE defence loan by year‑end

Italy has earmarked – or “prenotato” – €14.9 billion from the European Union’s Security Action for Europe (SAFE) fund to finance defence procurement. Foreign Minister Antonio Tajani announced that a formal request will be submitted before the end of the year, after which the government will decide how much of the ceiling to draw. The final decision and parliamentary approval are expected by December.

The SAFE instrument provides low‑interest, long‑term loans (up to 45 years repayment with a 10‑year grace period) that are treated as financing for defence spending rather than additional budgetary outlays, and therefore do not count toward EU deficit calculations. The European Commission has urged Rome to clarify the exact amount it intends to use, while the defence minister Guido Crosetto stresses that the choice is technical, not political, and will be aligned with Italy’s target of 5 % of GDP on defence by 2035.

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Antonio Tajani · EU SAFE fund · European Commission · European Union · Giancarlo Giorgetti · Guido Crosetto · Italy · Security for Action Europe (SAFE)

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