SAFE (Security Action for Europe)
The EU's €150bn loan instrument for defence procurement. The Commission borrows on the capital markets and lends to member states on long terms, mainly for joint purchases with other participating countries.
Example. Poland's €43.7bn allocation is the largest; its first €6.6bn payment arrived in May 2026.
See also: Common procurement · Design authority · Pre-financing
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Randeep Bubbra | Lawyer | Making defence financeable