Brussels, May 13 (LaPresse) – "We welcome the Commission's SAFE proposal to strengthen the European defense industry. We also support the Commission's plan for quick access to the instrument with clear procedures and conditions. However, the request for loans through the SAFE instrument should be carefully evaluated, considering the impact on public finances. For this reason, we support the exploration of additional options, including the use of private sector funds and the possibility of extending the recovery and resilience instrument beyond 2026 to increase the budget margin available to Member States to respond to the need for increased defense spending." This was stated by Minister of Economy Giancarlo Giorgetti in his intervention during the discussion on SAFE loans at the Ecofin, according to a statement from the Ministry of Economy. "More generally, we believe that the issue of shared and coordinated defense among European countries deserves a strong and structural response, and that in the discussion of the next Multiannual Financial Framework, we should duly consider the changed conditions of the geopolitical landscape," he added. According to Minister Giorgetti, "More generally, we believe that the issue of shared and coordinated defense among European countries deserves a strong and structural response, and that in the discussion of the next Multiannual Financial Framework, we should duly consider the changed conditions of the geopolitical landscape."
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