The European Commission approved on Tuesday \u20ac787.67 million in defense loans for Greece under the Security Action for Europe (SAFE) program.<\/p>\n
The Commission announced it has approved the first installment of low-interest loans from the program\u2019s total budget of \u20ac150 billion.<\/p>\n
The initiative aims to strengthen the EU\u2019s defense capabilities by helping member states procure and produce defense equipment.<\/p>\n
According to the Commission, 19 member states have applied for loans under SAFE: Greece, Cyprus, Belgium, Bulgaria, the Czech Republic, Estonia, Spain, France, Croatia, Italy, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia, Finland, and Denmark.<\/p>\n
The program includes a ten-year grace period for loan repayment, competitive interest rates, and options for bilateral agreements with third countries to broaden eligibility.<\/p>\n
Greece has applied for \u20ac1.2 billion in loans<\/a> from the SAFE program, primarily to strengthen its air defense capabilities.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The European Commission approved on Tuesday \u20ac787.67 million in defense loans for Greece under the Security Action for…\n","protected":false},"author":2,"featured_media":411416,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[473,2000,299,5187,12072,285],"class_list":{"0":"post-411415","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-defense","9":"tag-eu","10":"tag-europe","11":"tag-european","12":"tag-foreign-affairs","13":"tag-politics"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115176419187456486","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/411415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=411415"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/411415\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/411416"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=411415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=411415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=411415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}