Poland Unlocks EU Defense Loan in Boost to Local Arms Makers

Poland reached an agreement with the European Union to unlock €43.7 billion ($51.4 billion) in loans for defense spending, paving the way for record contracts with the domestic arms industry.

“Poland will be safer in these difficult and risky times, in this unique part of the world,” said Prime Minister Donald Tusk at the signing ceremony in Warsaw on Friday with representatives of the European Commission, the EU’s executive arm.