#32026D0408Council Implementing Decision (EU) 2026/408 on making financial assistance under the SAFE instrument available to Greece
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The Council formally approves a loan of up to EUR 787,669,283 for Greece under the Security Action for Europe (SAFE) instrument. This follows Greece's submission on 28 November 2025 of a request and a European defence industry investment plan. The Commission assessed that the plan meets all conditions in Regulation (EU) 2025/1106, including common or single procurements of defence products aimed at speeding up industry adjustment, improving availability, and ensuring interoperability. An immediate pre-financing payment of EUR 118,150,392.45 will be disbursed. The decision confirms compliance with defence procurement rules and protection of EU financial interests.
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Key Changes
- Approves maximum loan of EUR 787,669,283 to Greece under Regulation (EU) 2025/1106
- Immediate pre-financing payment of EUR 118,150,392.45 made available
- Greece's request submitted on 28 November 2025 and plan assessed compliant with Article 4, Article 7(2) and Article 16
+ 3 more changes with Pro
Obligations
What this law requires
Greece must submit a European defence industry investment plan describing defence products, procurement measures, and involvement of Ukraine, substantiated and reasoned in accordance with Article 7(1) of Regulation (EU) 2025/1106
Greece must ensure that all activities, expenditures and measures related to defence products are carried through common procurements or single procurements
Greece must ensure defence industry activities have one or more of the following objectives: speeding up adjustment to structural changes, improving timely availability of defence products, or ensuring interoperability and interchangeability across the Union
Greece must describe and implement planned measures to ensure compliance with Article 16 of Regulation (EU) 2025/1106 and applicable defence procurement rules
Greece must enter into a loan agreement with the Commission that sets out all appropriate measures necessary for the protection of the Union's financial interests