Italy plans to introduce a guarantee scheme that could unlock up to €200 billion ($216.48 billion) in defense and aerospace investments. Economy Minister Giancarlo Giorgetti will present the proposal at a March 10 EU finance ministers meeting in Brussels. The European Security and Industrial Innovation Initiative aims to leverage €17 billion in EU guarantees to stimulate investments over five years. The plan is designed to strengthen Europe’s defense industry while minimizing the financial impact on Italy’s public finances. If approved, the initiative would significantly boost European defense capabilities amid rising geopolitical tensions.
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