The European Union has launched a €150 billion Security Action for Europe (SAFE) funding initiative, excluding the US to promote strategic defense autonomy. Announced under the wider Readiness 2030 plan, SAFE aims to enhance defense investments via capital markets, distributing loans to member states. Collaborations require participation from at least two nations, with eligibility extending to Ukraine and EFTA countries but not the US or UK. This move signals a shift towards independent European defense capability and investment, amidst concerns over reliance on American weapons systems within European military operations.
Joint SAFE procurements require involvement from at least two countries, one of whom must be a EU member.
SAFE will allow Member States to immediately and massively scale up their defence investments through common procurement from the European defence industry.
Collection
[
|
...
]