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EU Approves €150 Billion Defense Fund Amid Division

5/28/2025

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Summary

Story summary

In a significant move on May 27, EU ministers greenlit the €150 billion Security Action for Europe (SAFE) loan program, uniting 26 member states in a bid to bolster defense against growing threats from Russia and uncertainties surrounding US support. Notably, Hungary chose to abstain from the vote, highlighting divisions within the bloc.

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Story summary

In a significant move on May 27, EU ministers greenlit the €150 billion Security Action for Europe (SAFE) loan program, uniting 26 member states in a bid to bolster defense against growing threats from Russia and uncertainties surrounding US support. Notably, Hungary chose to abstain from the vote, highlighting divisions within the bloc.