BRUSSELS (Reuters) -Eighteen European Union states have so far shown an interest in taking out loans worth a total of at least 127 billion euros ($147 billion) from a fund aimed at boosting the bloc's
Eighteen EU Nations Seek $147 Billion from Defence Investment Fund
EU Member States' Interest in Defence Fund
BRUSSELS (Reuters) -Eighteen European Union states have so far shown an interest in taking out loans worth a total of at least 127 billion euros ($147 billion) from a fund aimed at boosting the bloc's defences, the European Commission said on Wednesday.
Overview of the Defence Fund
The fund, known as Security Action for Europe, is ultimately expected to generate 150 billion euros in defence investments. Countries have until November 30 to submit their requests.
Countries Involved
The Commission said the initial "strong interest" allowed it to prepare to raise funds on capital markets.
Funding Timeline
The countries that have so far shown interest are Belgium, Bulgaria, Czech Republic, Estonia, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, Slovakia and Finland.
($1 = 0.8667 euros)
(Reporting by Bart MeijerEditing by Mark Potter)
