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Poland is against arms loan

The EU wants to support its member states with arms loans. Poland's nationalist President Karol Nawrocki sees this as a threat to Poland's sovereignty.


The law in question had previously been passed by Prime Minister Donald Tusk's centre-left coalition and was intended to allow Poland to take out loans of 44 billion euros from the EU to modernize and arm its military.


As part of the so-called Safe Program (Security Action for Europe), the EU is offering low-cost loans totalling 150 billion euros to its member states to help them finance increased arms spending in order to arm themselves against a more aggressive Russia.


The SAFE program in Poland becomes a symbol of the conflict between the government camp and the president.


What does this mean for the arms industry?

$RHM (-0,85 %)

$HAG (+0,82 %)

$DE000TKMS001 (+0,54 %)

$HO (+1,33 %)

$LDO (+1,33 %)


How do you see the veto?


So long

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3 Comentarios

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When "nationalists" / right-wingers see a danger to "their" country, they really always mean Russia ;-)
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If I have read it correctly, please correct me if I am wrong, the Poles reject it because SAFE is supposed to encourage them to buy from European manufacturers. However, Poland has historically had a close relationship with the USA and would prefer to buy from there.
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