Italy Defence Minister Urges Use of EU SAFE Funding
Defence Minister Guido Crosetto told parliament that tapping the European Union SAFE fund is essential to meeting NATO spending targets. While Prime Minister Meloni has tied the scheme to budget flexibility for energy costs, Crosetto maintains the fund is vital for Italy's military programmes.
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Italy is seeking access to the European Union’s SAFE fund to increase its military budget, Defence Minister Guido Crosetto said. The request follows last year's interest in the scheme to lower borrowing costs for defense programs. For investors, the move highlights fiscal tension between NATO spending commitments and domestic energy subsidies in the eurozone's third-largest economy.
