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Euronews

Alice Tidey

Ministers greenlight member states' plans worth half of EU's €150bn defence loan scheme

European Union Commission

The national defence investment plans of eight more European member states worth about half of the Commission's defence loan scheme were approved by finance ministers on Tuesday.

The plans by Estonia, Greece, Italy, Latvia, Lithuania, Poland, Slovakia and Finland are collectively worth €74 billion, half of the €150 billion made available via the Security Action for Europe (SAFE) financial instrument. Poland alone had asked for over €43 billion.

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