Italy Cuts EU Defense Loans Under SAFE Program
EUR/MDL - 20.12 0.1633
USD/MDL - 17.33 0.3648
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
GOLD - 4,447.62 1.64%
EURUSD - 1.17 0%
BRENT - 117.29 13.73%
SP500 - 754.60 0.55%
SILVER - 74.49 3.79%
GAS - 2.77 8.88%

‘Citizens are more important than weapons’: Italy cuts defense loans

Giorgi Meloni's government is changing course on the issue of military spending: of the 14.9 billion euros that Italy has booked under the European SAFE program, Rome will request only a fraction.
Tatiana Sichirliiscaia Reading time: 1 minute
Link copied
meloni

Security Action for Europe (SAFE) is a lending instrument to strengthen defense capabilities. Italy is using only 4-5 billion euros out of 15 billion euros. So much is needed to work on projects for which contracts have already been signed.

“We have to respect some commitments to NATO, but now is not the time to take such a large loan,” said Foreign Minister and Deputy Prime Minister Antonio Tajani.

The Italian government says it intends to focus on dealing with the consequences of soaring energy prices.

“We cannot tell citizens that there is money only for defense,” Euronews quoted her as saying. – If, in the face of the crisis, we are unable to provide answers to citizens and businesses, we risk ending up in a situation where there is nothing left to defend. Therefore, we need to find a balance.

However, the cuts in the SAFE program still have to be approved by Brussels. Ursula von der Leyen’s answer is expected on June 3.

The government’s strategy is strongly opposed by former Prime Minister and European Commissioner Paolo Gentiloni: “Stop pushing Europe, we risk making a mockery of ourselves,” he says. – We are the last in terms of growth and the first in terms of debt, although Italy has received a huge amount of European funds.

Meloni, however, is convinced of the opposite, believing that the government has earned international trust and credibility. After all, if her cabinet lasts until September, it will be the longest-lasting in the history of the Italian republic.


Follow our updates


Реклама недоступна
Must Read*

We always appreciate your feedback!

Read also