Orpo open to EU loans for defense

Finland's Prime Minister Petteri Orpo thinks that the EU should be able to take out joint loans to finance the expansion of defense in the union's eastern parts.

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Orpo open to EU loans for defense
Photo: Oscar Olsson/TT

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I do not rule out that we could use common European financing, including debt financing specifically to strengthen defense, provided that the money is used where Europe is defended, he says to the media company Yle.

Orpo emphasizes that it is his personal opinion and that there is no government policy on the matter.

He points out that it is not in the western or southern parts of the EU where the pressure from Russia is greatest, but in the east – including in Finland.

The defense needs are profound and cost a lot, says Orpo.

The sums are so large that we cannot finance it on our own.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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