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The EU warns Rome, 'one month to not lose Safe funds'
Italy🏛️ Politics10 days ago

The EU warns Rome, 'one month to not lose Safe funds'

The European Commission has warned Italy that if it does not use the 14.9 billion euros allocated under the Safe program within a month, the funds will be reallocated to other member states. The Safe initiative, part of Ursula von der Leyen’s second mandate, aims to support member states with energy-related costs. Italian Economy Minister Giancarlo Giorgetti stated that by September, the government must finalize spending related to defense commitments, including NATO targets of allocating 3.5% of GDP to core defense and 1.5% to security by 2035. Defense Minister Guido Crosetto emphasized that the Safe program could help avoid increasing domestic debt by using EU funding rather than issuing Italian bonds. However, there is uncertainty over whether Italy will exit the EU’s excessive deficit procedure soon, which could affect the timeline for utilizing Safe funds.

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ANSA logoANSAIndependentCenter10 days ago
The EU warns Rome, 'one month to not lose Safe funds'

The European Commission has warned Italy that if it does not use the 14.9 billion euros allocated under the Safe program within a month, the funds will be reallocated to other member states. The Safe initiative, part of Ursula von der Leyen’s second mandate, aims to support member states with energy-related costs. Italian Economy Minister Giancarlo Giorgetti stated that by September, the government must finalize spending related to defense commitments, including NATO targets of allocating 3.5% of GDP to core defense and 1.5% to security by 2035. Defense Minister Guido Crosetto emphasized that the Safe program could help avoid increasing domestic debt by using EU funding rather than issuing Italian bonds. However, there is uncertainty over whether Italy will exit the EU’s excessive deficit procedure soon, which could affect the timeline for utilizing Safe funds.

Bias read (Center): The article presents both perspectives—Giorgetti emphasizing economic considerations and Crosetto highlighting strategic benefits—without overtly favoring one side. It includes direct quotes from both ministers and explains the broader implications of the Safe program without biased language or one‐

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