Polish Prime Minister Tusk and President Nawrocki will discuss the SAFE program amid unresolved questions about the Polish alternative.
Polish SAFE Alternative Proposed
President Karol Nawrocki and NBP head Adam Glapiński presented the “Polish SAFE 0%” concept, which would be financed by the National Bank of Poland. Unlike the EU’s program, Glapiński emphasized it “would not involve any financial interest.”
Government Seeks Clarification
Government representatives noted that detailed information about the “Polish SAFE 0%” hasn’t been provided yet. They haven’t ruled out using the president’s proposal but stated it should complement, not replace, the EU’s SAFE program.
Assurances on Inflation
A presidential advisor assured that the “Polish SAFE 0%” would not be based on “printing money” and that Glapiński wouldn’t agree to a program that would increase inflation. The profit must be backed by reserves.
EU SAFE Program Details
The EU’s SAFE (Security Action for Europe) program will provide 150 billion euros to 19 EU countries for defense investments. Poland will be the largest beneficiary with nearly 44 billion euros in the form of 3% loans to be repaid by 2070.
Parliamentary Approval and Presidential Decision
The Sejm passed a law implementing the EU’s SAFE program, supported by the ruling coalition and Razem party. PiS, Konfederation, and Konfederacja Korony Polski Grzegorza Brauna voted against. The law was sent to President Nawrocki on February 27, who has 21 days to decide: sign it, veto it, or send it to the Constitutional Tribunal.
