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Poland signs 44-bn-euro EU defence loan deal to modernise military

World News

08-05-2026 | 08:28

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Poland signs 44-bn-euro EU defence loan deal to modernise military

Poland on Friday became the first country to sign a loan agreement with the European Commission to fund the modernisation of its military and arms industry, under which it will receive nearly 44 billion euros ($52 billion).

"This is a watershed moment in the history of both Poland and the European Union," Prime Minister Donald Tusk said at a ceremony for the signing of the agreement.

AFP

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