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# EU Council clears EUR 38 billion in first SAFE defence loans for eight states
- URL: https://sovereigntymonitor.eu/news/2026-02-11-safe-first-batch-loans-eight-states/
- Published: 2026-02-11T12:00:00.000Z
- Updated: 2026-09-01T10:51:15.000Z
- Description: Council of the EU cleared EUR 38 billion in SAFE loans for Belgium, Bulgaria, Denmark, Spain, Croatia, Cyprus, Portugal and Romania; loans require at least 65% EU/EEA-EFTA/Ukraine content in purchased equipment. Bulgaria's share: EUR 490 million.
- Author: Reidar Balstad
- Tags: Defence and space, Policy and law, #news, #reported

Reported [Euronews, 11 February 2026](https://www.euronews.com/my-europe/2026/02/11/eu-approves-38bn-in-first-defence-investments-under-150bn-safe-scheme?ref=sovereigntymonitor.eu)

**What it does not test.** Does not establish that any country has drawn down or spent the loan, nor which specific equipment will be bought.

**How this item counts.** Towards autonomy: it changes who made the parts. Binding 2 of 3 (agreed or funded), scale 3 of 3 (large), Reported counts half: weight +3 of 36 possible. €38bn SAFE loans (8 states) require ≥65% EU/EEA/Ukraine content; not yet disbursed. [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/)