Italy, Bulgaria, and Malta have united with Belgium in voicing concerns over the proposed €210 billion loan package intended for Ukraine. These countries argue that the current financial framework lacks sufficient flexibility and poses risks for EU member states’ budgets. Together, they advocate for alternative mechanisms that would better balance the need for rapid support to Ukraine with prudent fiscal management, emphasizing the importance of shared responsibility without disproportionate exposure for individual nations.

The coalition proposes several key changes, including:

  • Introducing mixed funding models that combine grants and loans to reduce debt burden.
  • Enhanced transparency measures to monitor fund allocation and usage.
  • Greater input from member states on repayment terms and risk mitigation strategies.
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