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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 (-7,2 %)

$HAG (-7,93 %)

$DE000TKMS001 (-2,91 %)

$HO (-5,22 %)

$LDO (-7,29 %)


How do you see the veto?


So long

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4 Commentaires

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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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@Transporter The Poles are simply relatively pragmatic in their procurement.

The Europeans need 10 years to deliver war equipment and even longer to develop it? Fine, then they'll just order from the USA and South Korea. South Korea in particular has processed and delivered its orders at breathtaking speed so far.
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