Greece joined 17 other European nations that submitted a request on Wednesday, July 30th, to access the newly established Security Action for Europe (SAFE) fund, an EU financial instrument designed to boost European defense capabilities and support the European defense industry.
The deadline for EU states to file requests to receive loans from a pool of up to €150 billion ends on July 31st, before they are expected to table a detailed request on how the cash will be spent over the next four months. The deadline for the formal request is November 30th, 2025.
The European Commission, the executive branch of the EU, underlined that a timely submission of requests by EU states will allow for a thorough gauging of market demand before drawing funds from global markets.
EU Commissioner for Defence and Space Andrius Kubilius said the strong response to the SAFE initiative—representing at least €127 billion in potential defense procurements—demonstrates the European Union’s unity and ambition in the fields of security and defense.
“We remain committed to supporting EU member states in their efforts to bolster European security,” Kubilius said. “SAFE is a symbol of our shared commitment to enhance our defense readiness for a safer, more unified future.”
SAFE, introduced as part of a broader EU initiative unveiled in late March, is designed to mobilize up to €800 billion for the rearmament and strategic reinforcement of the European continent.
The program is a key EU instrument aimed at boosting resilience and security, channeling investment into sectors such as defense, dual-use infrastructure, cyber capabilities, and strategic supply chains.
Greece’s Long-Term Defense Armament Program will be expanded to €30 billion for the period 2025–2036, up from the previously announced €28.8 billion.
