EU Defences Bolstered by Multibillion-Euro Loan Interest

Eighteen EU states express significant interest in loans totaling over 127 billion euros from the Security Action for Europe fund, aiming to enhance the bloc's defenses. Countries have until the end of November to apply, with the initiative potentially facilitating 150 billion euros in defense investments.

Devdiscourse News Desk | Brussels | Updated: 30-07-2025 16:37 IST | Created: 30-07-2025 16:37 IST

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Country:
Belgium

Eighteen European Union member states have expressed keen interest in pursuing loans amounting to over 127 billion euros from the Security Action for Europe fund, according to a statement by the European Commission on Wednesday. This fund aims to bolster the bloc's security infrastructure significantly.

The anticipated influx of applications has prompted the Commission to prepare for fundraising activities in the capital markets. Participating nations so far include Belgium, Bulgaria, the Czech Republic, and several other EU countries, with applications open until November 30.

The Security Action for Europe initiative is designed to mobilize up to 150 billion euros for defense investments, underscoring the EU's commitment to strengthening its collective defense capabilities.

(With inputs from agencies.)