Hungary must wait for SAFE defense fund loans after EU approves France and Czech Republic

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Hungary must wait for SAFE defense fund loans after EU approves France and Czech Republic
Photo: Noemi Bruzak/AP/TT

The Czech Republic has been approved for a loan equivalent to 22 billion Swedish kronor, while France has been approved for 162 billion kronor, the Commission said in a press release.

The matter will now proceed to a formal decision by the EU Council of Ministers.

This means that all but one of the 19 countries that applied for money from Safe have been given the go-ahead. Hungary, which, like France, has applied for the equivalent of over SEK 160 billion, is still waiting for a response - which is mainly linked to criticism of the country's anti-corruption work over many years.

Sweden has not applied for money from Safe, citing that it can borrow more cheaply on its own.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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