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Italy Must Decide by May on €14.9bn Defence Fund

5/14/2026

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Story summary
  • Defence Minister Guido Crosetto wrote twice to the Treasury urging a decision on the EU SAFE fund before the end-May deadline.
  • Italy must decide by end-May whether to tap the SAFE fund, which would provide about €14.9 billion and aims to boost defence while helping meet NATO spending goals.
  • Economy Minister Giancarlo Giorgetti warned borrowing would require repayment and could limit budget measures protecting households from high energy costs.