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Polish president vetoes EU defence loan bill

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Polish President Karol Nawrocki vetoed legislation that would have allowed Poland to access nearly €44 billion in EU defense loans under the Security Action for Europe (SAFE) program, which had been approved by parliament in late February.

Polish President Karol Nawrocki vetoed legislation that would have allowed Poland to access nearly €44 billion in EU defense loans under the Security Action for Europe (SAFE) program, which had been approved by parliament in late February.

Nawrocki argued the SAFE mechanism was "a massive foreign loan taken out for 45 years in a foreign currency" with interest costs potentially reaching 180 billion zlotys, and warned that Brussels could halt funding arbitrarily, limiting Poland's sovereignty.

Nawrocki argued the SAFE mechanism was "a massive foreign loan taken out for 45 years in a foreign currency" with interest costs potentially reaching 180 billion zlotys, and warned that Brussels could halt funding arbitrarily, limiting Poland's sovereignty.

Poland was allocated €43.7 billion — the largest share among all EU member states — from the 150-billion-euro SAFE program, with the government planning to direct the funds toward 139 projects, including air defense, anti-drone technology and border security.

Poland was allocated €43.7 billion — the largest share among all EU member states — from the 150-billion-euro SAFE program, with the government planning to direct the funds toward 139 projects, including air defense, anti-drone technology and border security.

Nawrocki proposed an alternative plan dubbed "Polish SAFE 0%," which would draw on unrealised profits from the National Bank of Poland's gold and foreign exchange reserves. The government and many analysts have criticized the proposal as unworkable.

Nawrocki proposed an alternative plan dubbed "Polish SAFE 0%," which would draw on unrealised profits from the National Bank of Poland's gold and foreign exchange reserves. The government and many analysts have criticized the proposal as unworkable.

Prime Minister Donald Tusk wrote on X that "the President has lost the chance to act like a patriot," and called an extraordinary cabinet meeting for Friday morning to discuss the government's response, which officials described as a "plan B."

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Prime Minister Donald Tusk wrote on X that "the President has lost the chance to act like a patriot," and called an extraordinary cabinet meeting for Friday morning to discuss the government's response, which officials described as a "plan B."

The nationalist opposition Law and Justice party backed the veto, with PiS leader Jarosław Kaczyński describing SAFE as placing Poland "under the German boot." The U.S. has also expressed concerns that SAFE restricts market access for American defense companies.

The nationalist opposition Law and Justice party backed the veto, with PiS leader Jarosław Kaczyński describing SAFE as placing Poland "under the German boot." The U.S. has also expressed concerns that SAFE restricts market access for American defense companies.

Poland Vetoes €44B EU Defense Loan Access

Poland Vetoes €44B EU Defense Loan Access

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Poland Vetoes €44B EU Defense Loan Access

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