SAFE: Council adopts €150 billion boost for joint procurement on European security and defence
The Council has adopted a regulation setting up the Security Action for Europe (SAFE) instrument. SAFE is a new EU financial instrument that will support those member states that wish to invest in defence industrial production through common procurement, focusing on priority capabilities. SAFE will finance urgent and large-scale investments in the European defence technological and industrial base (EDTIB). The aim is to boost production …