Italy rethinks EU defense-financing aid as arms spending falls out of fashion
Italia
ROME — Italy is considering backing out of a second EU-supported boost to defense spending, taking to about €27 billion ($31 billion) the amount of rearmament cash it could forego as it focuses on tackling soaring energy costs. Italian prime minister Giorgia Meloni has told EU Commission chief Ursula von der Leyen that Italy may pass on the offer of €14.9 billion in cheap, so-called SAFE loans from Brussels which could prove essential to pushing Italian defense spending towards NATO’s five
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