Sunday, March 02, 2025
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

More money requested for EU military industry

Brussels, Jan 31 (Prensa Latina) The credit arm of the European Union (EU) will contribute two billion euros to the financing of military projects in 2025, but 19 governments of the bloc requested that the funds grow.

The request to the president of the European Investment Bank (EIB), Nadia Calviño, was signed by the leaders of the Executive of countries such as Finland, Belgium, Croatia, Cyprus, Denmark, Slovakia, Spain, Estonia, Greece, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Czech Republic, Romania and Sweden.

Calviño announced yesterday that the institution she is in charge of will double defense investments this year, to two billion euros, to respond to the mandate to improve companies’ access to financing.

However, the letter sent to the official requests the mobilization of additional investments, considering the matter as an “urgent necessity” to reinforce the defensive capacity and the security of the community block.

In this way, the text advocates a new relaxation of the bank’s regulations, so that it can provide funds for purely military projects.

ef/arm/mem/mjm

LATEST NEWS
RELATED