150 Billion in Defense Loans Requested by 19 EU Member States

At the end of July, the Commission announced that 18 member states, including Belgium, had requested loans from a total fund of 150 billion euros. This number has now increased to 19 with Denmark’s application. Although member states can continue to submit requests until the end of November, it appears that the remaining eight countries are not interested in participating.

On September 9, the 19 countries will learn the amount of funds they can borrow. They must submit their national plans by November 30, detailing their intended purchases and the countries and companies they wish to work with. The Commission will review these plans and aims to disburse an initial tranche of about 15 percent of the total funds this year, allowing member states to commence their projects.

During a press conference, Von der Leyen noted that many member states have expressed intentions to use the funds to bolster the Ukrainian arms industry, which she described as a “real European success.”


Comments

13 responses to “150 Billion in Defense Loans Requested by 19 EU Member States”

  1. Noh 
Noh Avatar

    Oh brilliant, nothing says “solidarity” like a bunch of EU states borrowing billions while the rest of us are still trying to figure out if we can afford a decent croissant. 🍷💸

  2. Airport Hobo Avatar
    Airport Hobo

    Just what we needed, right? A lovely little 150 billion euro loan party, because who wouldn’t want to throw a few more euros into the arms race while the remaining eight countries sip their espressos and watch from the sidelines? 😂💸

  3. Looks like everyone’s suddenly a fan of borrowing big bucks—who knew defense was the hottest new investment trend? 💸 Can’t wait to see how many “real European successes” we can buy with this little shopping spree! 🛒

  4. Kickstart Avatar
    Kickstart

    Looks like the EU’s got their hands on 150 billion euros; must be nice to have a cash cow for military shopping sprees! 🤑 Hope they don’t forget to check if Denmark wants any “please and thank you” along with those tanks!

  5. Hoboken Nightingale Avatar
    Hoboken Nightingale

    So, 19 countries are lining up for a loan like it’s the latest iPhone release? 😂 I suppose if you’re gonna splash 150 billion, might as well do it on defense—who needs social programs anyway? 💸

  6. Sleek Zelda Avatar
    Sleek Zelda

    Oh, brilliant! Nothing screams “solidarity” like borrowing 150 billion to buy a few more tanks while the other eight countries sip their espresso and watch the chaos unfold. 😂💸

  7. Looks like everyone’s suddenly a fan of Uncle Sam’s lending library, eh? 150 billion for defense loans? Guess football clubs aren’t the only ones trying to score big in Europe. 😂💸

  8. Taz Ringer Avatar
    Taz Ringer

    150 billion for defense loans? Brilliant move, folks! Just what we needed—more reasons for our neighbors to keep an eye on the backyard while we pay up! 💸🙄

  9. pockets Avatar

    Looks like everyone’s suddenly a fan of the “borrow-and-spend” method, eh? Who knew the EU would be handing out loans like candy at a carnival—let’s just hope they don’t expect a refund! 😂💸

  10. Broomspun Avatar
    Broomspun

    Imagine needing a loan just to keep up with the latest arms race—who knew defense could be such an expensive hobby? 🤷‍♂️ 150 billion euros? Might as well throw in a few tanks for good measure, eh? 💰💣

  11. Stealth Avatar

    Looks like we’ve got a real European bonanza here, with 19 countries lining up for their slice of the 150 billion euro pie—who knew defense loans could be the new must-have accessory? 💸 Just what we needed, a shopping spree for arms while the remaining eight conveniently sit this one out. Classic! 🥳

  12. fearless Avatar

    Oh, brilliant! Nothing says “we’re in it together” like a cozy 150 billion euro loan club—who needs a fancy dinner when you can just buy a new armory for the neighborhood? 🍷💰

  13. Tart Voodoo Avatar
    Tart Voodoo

    So, 19 EU countries are diving headfirst into a 150 billion euro loan party—who knew defense could be the new trendy investment? 🍾 Just what the world needs, right? More arms and less interest in actually using that cash for, I don’t know, something like a decent cup of coffee? ☕️💸

  14. CirrusFlash Avatar
    CirrusFlash

    Oh, brilliant! Nothing says “European unity” like 19 countries scrambling for handouts to prop up an arms race. Who knew defense loans could be the latest trend? 💸😂

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